Square managed to beat Wall Street estimates on both earnings and revenue when second quarter earnings went live yesterday — powered largely by higher-than-expected transaction volume and marked growth in its subscription services business. Get the Full Story Complete the form to unlock this article...
Wearables maker Fitbit reported a better-than-expected second quarter, and saw an impressive demand for its new Versa smartwatch device. The San Francisco-based company said it sold 2.7 million wearables in the quarter — with a selling price that increased 6 percent year over year — for an average...
Clover, the point-of-sale operation owned by First Data, keeps growing, and that could present more challenges for Square. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Samsung Electronics reported weaker than expected results during the second quarter as slow sales of smartphones and display panels resulted in a revenue decline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Despite a quarter of new product feature announcements and an order volume milestone, shares of Shopify fell more than 6 percent on Thursday (July 31) after the eCommerce platform announced its second-quarter earnings. The stock took a hit due to investor concerns over slowing growth...
Ahead of the company’s earnings call this week, Square’s stock fell 6 percent. According to TheStreet, financial services firm William Blair released a note on Monday (July 30) regarding the earnings, which are expected after the bell on Wednesday, Aug. 1. William Blair currently has...
Payments processor First Data posted results that topped expectations, buoyed by continued traction in its Global Business Services (GBS) segment, and with continued double-digit growth for Clover, its point-of-sale (POS) business. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Twitter shares fell sharply during trading early Friday morning, after the social media company warned that the number of monthly active users (MAUs) would decline amid efforts to purge dormant accounts, improve the health of the platform and comply with new privacy regulations. Get the...
Spotify’s second quarter as a public company shows that it has increased its paid subscriptions by 40 percent, but it lost $458 million in revenue. According to reports, Spotify now has 83 million paid subscribers, which is an increase from its 75 million from last...
