Square’s Loss Widens as Spending Picks Up

Square’s Loss Widens as Spending Picks Up

Square Inc. reported a wider first-quarter loss as the financial-technology agency spent extra on product growth and advertising, and signaled that it could proceed to speculate large sums into its funds and companies companies.

The San Francisco-based firm reported a internet lack of $24 million, or 6 cents a share, in contrast with a internet lack of $15 million, or four cents a share, for a similar quarter a 12 months earlier. Adjusted earnings have been 6 cents a share, according to the consensus forecast from analysts polled by Thomson Reuters….

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