Why Square Stock Just Dropped 6%

Rich Smith, The Motley Fool
·2 min read
Why Square Stock Just Dropped 6%

Shares of point-of-sale credit card processor Square (NYSE: SQ) skidded 6% on the Nasdaq as of 12:25 p.m. EDT on Monday, just a few days -- but only two trading days -- after the company blew away analyst estimates in its fiscal Q1 2021 financial report. It also reported its third straight profitable quarter, a quarter that was: (1) much better than its year-ago quarterly loss, (2) more than twice as profitable as analysts had predicted, and (3) secured the company's longest quarterly "winning" streak of profitable quarters ever. Today, however, the company has already given back all those gains and is actually trading below what its stock cost before the earnings news was released.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • China may be shaking out of its slump, and its economy could grow 5% this year after a surprising first-quarter performance, BofA says

    BofA still doesn't expect "a full-blown growth rebound" as China grapples with a real estate crisis and weak consumer demand.

  • Woman ‘almost died’ trying to cure cancer with juice diet

    Doctors said they repeatedly tried to persuade her to start medical treatment.

  • Celsius Holdings Inc CFO Jarrod Langhans Sells Company Shares

    Celsius Holdings Inc (NASDAQ:CELH), a global company with a proprietary, clinically proven formula for its brand of fitness drinks, has reported an insider sale according to a recent SEC filing.

  • Reds hope to get back on-track against LA Angels

    The Cincinnati Reds were swept by Seattle this week, but hoping to bounce-back in a home series against the Angels.

  • Saint John announces street closures for film shoot

    Saint John says it will be drawing the velvet curtain over some city streets next week with a film production in town. The city announced street closures on Prince William Street from Princess to St. James Street from noon Sunday to noon Monday, as well as the south end of Bayside Drive from Hewitt Road to Red Head Road, towards Mispec Beach, from noon to midnight Wednesday. There was also a potential street closure announced for Peel Plaza from 2 p.m. to midnight May 8. According to the traffic

  • US military strategy tested as Iran-Israel warfare comes out of shadows

    The U.S. military's success helping Israel stop a massive wave of Iranian missiles and drones last weekend might suggest Washington is well prepared militarily for whatever comes next as Iran and Israel move from shadow warfare to direct confrontation. But current and former U.S. officials say U.S. forces are not positioned for a major, sustained Middle East conflict and the Pentagon may have to revisit assumptions about military needs in the region if the crisis deepens. "I don't think we have all the forces that we would want to support Israel if there was a direct war between them and Iran," said Michael Mulroy, a former deputy assistant secretary of defense for the Middle East under the Trump administration.

  • Guest lineups for the Sunday news shows

    WASHINGTON (AP) — ABC’s “This Week” — Reps. Michael McCaul, R-Texas, and Ro Khanna, D-Calif.; retired Supreme Court Justice Stephen Breyer. ___ NBC's “Meet the Press” — Ukrainian President Volodymyr Zelenskyy. ___ CBS’ “Face the Nation" — Sen. Dan Sullivan, R-Alaska; Gov. Josh Shapiro, D-Pa. ___ CNN’s “State of the Union” — Govs. J.B. Pritzker, D-Ill., and Kristi Noem, R-S.D.; Rep. Tony Gonzales, R-Texas. __ “Fox News Sunday” — Sens. Lindsey Graham, R-S.C., and Richard Blumenthal, D-Conn.; Rep.

  • Mandisa, Grammy-winning singer and 'American Idol' alum, dies at 47

    NASHVILLE, Tenn. (AP) — Mandisa, a contemporary Christian singer who appeared on “American Idol” and won a Grammy for her 2013 album ‘Overcomer’, has died. She was 47. A representative for the singer told The Associated Press that the singer was found dead in her home in Nashville, Tennessee, on Thursday. The representative said the cause of Mandisa's death was not yet known. Mandisa, whose full name was Mandisa Lynn Hundley, was born near Sacramento, California, and grew up singing in church. S

  • Pirates phenom Paul Skenes still has 'steps he needs to take' after comically dominant start to season

    Skenes has struck out 27 in 12 2/3 scoreless innings pitches at Triple-A so far this season.

  • Taylor Swift’s ‘The Tortured Poets Department' is here. Is it poetry? This is what experts say

    NEW YORK (AP) — Taylor Swift has released her 11th studio album, “The Tortured Poets Department.” But just how poetic is it? Is it even possible to close read lyrics like poems, divorced from their source material? The Associated Press spoke to four experts to assess how Swift's latest album stacks up to poetry. IS TAYLOR SWIFT A POET? Allison Adair, a professor who teaches poetry and other literary forms at Boston College, says yes. “My personal opinion is that if someone writes poems and consi

  • Fire that destroyed fishing boat, truck in Charlotte County was arson: RCMP

    RCMP in Charlotte County said a fire that destroyed a truck and a fishing boat in Back Bay was set by arson. Eastern Charlotte Fire Chief Justin Johnston said Thursday that a truck and a fishing boat were a complete loss after a fire in the community, 12 kilometres south of St. George. In a press release Friday, St. George RCMP asked for the public's help to locate a person of interest in what they said was an arson. Johnston said that just after 3:30 a.m., crews responded to reports of a vehicl

  • Driver dragged officer while fleeing traffic stop: Sussex RCMP

    Police in Sussex say a 23-year-old being arrested during a traffic stop took off and dragged a police officer about 20 metres alongside his vehicle. Colton Bernard, 23, of St. George Street in Sussex, was charged Monday with obstruction of a peace officer, assault on a police officer, flight from police and dangerous operation of a motor vehicle dating to April 11, according to court documents. In a release Wednesday from Sussex RCMP, police say that on April 11, officers responded to a driving

  • Snow Showers Pick Up in Northern Colorado

    Snow showers swept into the Denver-Boulder area on Friday, April 19, with heavier snow expected as the day continued, the National Weather Service (NWS) said.Footage shows snow falling on Boulder on Friday.A winter weather advisory was in effect until Saturday morning, with the NWS warning of total snow accumulations up to 10 inches. Credit: @mewmewmew13 via Storyful

  • Busch Gardens Tampa Bay | Morning Blend

    You can get up close to a remarkable endangered species at Busch Gardens Tampa Bay. We're showing off their Gorilla Insider Tour.

  • Central Elgin gets $80M in offsets for land lost to VW mega-factory

    Millions in cash, a big key to unlock future growth – and provincial muscle to help. "Frustrated" only weeks ago by what he called the slow pace of compensation talks, after his municipality lost a big chunk of land to neighbouring St. Thomas to help it land a $7-billion Volkswagen factory, Central Elgin's mayor was in a much better mood after an "historic" deal with the city was announced Friday. “I feel a lot better today than I did a month ago,” Andrew Sloan said. “I think there were some del

  • Moffitt Cancer Center | Morning Blend

    We're talking about the signs and symptoms of thyroid cancer, plus treatment options with Moffitt Cancer Center.

  • Protesters Chant 'From the River to the Sea' on Harvard Campus

    Protesters gathered on Harvard University’s campus on Friday, April 19, one day after police arrested more than 100 demonstrators at Columbia University in New York City.Footage taken by Shabbos Kestenbaum captures demonstrators chanting, “From the river to the sea, Palestine will be free” on Harvard’s campus on Friday afternoon. The phrase used among anti-Israel protesters was condemned earlier in the week by the US House of Representatives, which deemed the slogan antisemitic in a vote of 377-44.Other footage shows the group chanting, “F*** you, Harvard.”According to New York City Mayor Eric Adams, the NYPD arrested at least 108 protesters on Thursday involved in the ongoing protests at Columbia. Credit: Shabbos Kestenbaum via Storyful

  • Mental health pros raising awareness on benefits of psychedelics

    Mental health pros raising awareness on benefits of psychedelics

  • LMCU | Morning Blend

    We're talking with Julie Leonard, the new president and CEO of Lake Michigan Credit Union.

  • WNBA moving date of its preseason game in Canada to avoid potential conflict with NHL playoffs

    EDMONTON, Canada (AP) — The WNBA is moving its preseason game in Canada between the Los Angeles Sparks and Seattle Storm to May 4. The game was originally scheduled for May 5 at Rogers Place in Edmonton, but the NHL’s Oilers could potentially be hosting a Game 7 of their first-round playoff series against the Los Angeles Kings that day. The WNBA game will tipoff at 9:30 p.m. EDT. The league is playing a preseason game in Canada for the second straight year. Last season, the Chicago Sky's win ove