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Posts Tagged ‘Electronic Payments’

Square Beats on Top and Bottom Line but Disappoints on Guidance

Payments company Square reported its third quarter financial results revealing a win on both the top and bottom line but a miss on guidance for the fourth quarter. For the upcoming quarter, Square expects to earn between 12 and 13 cents. Analysts were waiting for 15 cents however. The  San Francisco-based Square, which is run…

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PayPal Reports Third Quarter Financial Results that Show Venmo Doing This

Online payments system PayPal reported its third quarter financial results that beat what Wall Street was expecting. Shares of the company were jumping over 7% in after-hours trading on the report. The company reported earnings of 58 cents for the quarter, beating analysts’ expectations by four cents. Revenues at $3.68 billion was also higher than…

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Square Announces Consumer Lending Service

Mobile payment company Square Inc. has announced its push into consumer lending with an installment payments service, The San Francisco-based company, led by Twitter’s Chief Executive, Jack Dorsey, has launched a new service that allows customers of its small business clients to pay for purchases in installments. Square will be extending credit to the customers…

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Jefferies Says Buy PayPal For This Reason

According to Jefferies, payment processor PayPal (NASDAQ:PYPL) is a buy due to its market leadership in online payments. The firm has reiterated a “buy” rating on the stock and has forecast that the company will grow faster than the e-commerce industry, citing PayPal’s large active user base of 244 million and strong payment volume growth…

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