Tag: 上海夜网DI

Square stock soars after massive earnings beat helped by Cash App

first_img– Advertisement – Shares of Square surged 13% on Friday after blowing past Wall Street’s expectations for the quarter a day earlier.The San Francisco-based payments company reported a 140% increase in net revenue to $3.03 billion in the third quarter. Adjusted earnings came in at 34 cents, more than double what analysts polled by Refinitiv expected.The Square Cash app was a key driver of the strong results, and of analysts’ enthusiasm. The payments and banking app more than tripled its gross profits from a year ago, and made up almost half of the company’s total gross profit of $794 million.- Advertisement – The app began as a peer-to-peer payment option, similar to PayPal’s Venmo. But Square has since launched multiple bank-like products that piggyback on the app, including cryptocurrency and stock trading, that have driven stronger unit economics and profitability than Venmo. The results were a hit among multiple Wall Street analysts who recommended the stock to clients on Friday. Citi, Cannacord Genuity, Needham, Mizuho and Susquehanna upgraded price targets on Square after the break-out quarter. In a note to clients, Citi analyst Peter Christiansen called Square’s growth opportunity “too big to ignore.”Lisa Ellis of Moffett Nathanson maintained her “buy” rating on Square but increased earnings estimates through 2021. Despite the stock’s run-up this year and “rather elevated investor expectations,” the company managed to “beat by a mile,” Ellis said in a note to clients.- Advertisement – Guggenheim’s Jeff Cantwell highlighted potential for Square to mimic the success of China’s Alipay, writing that “Square should build Cash App into a super app.” Dan Dolev of Mizuho pointed to growth in the Cash App’s brokerage feature, and said the app showed it “can also be Robinhood,” referring to the popular free-trading app.The boom in Cash App offset relatively slower growth in Square’s core seller business that provides in-person payments at brick and mortar locations, such as coffee shops. Small businesses who rely on Square’s payment terminals have been hit especially hard during the pandemic. But the seller business sustained “its remarkable rebound,” Moffett Nathanson’s Ellis said, with gross profits up 12% from the year-ago quarter.The stock is up 217% year to date, and has gained 28% in the past week alone.center_img Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada.David Becker | Getty Images News | Getty Images – Advertisement –last_img read more

Luiz: Chelsea can still finish well

first_img He added: “We can still win the Europa League, are still in the FA Cup and fighting for a better position in the table so I think we can still get there and this season can still be very good.” Luiz will be in a familiar surroundings on Monday night when he plays for Brazil against Fabio Capello’s Russia at Stamford Bridge. It will be a special moment for the defender and a special moment for the Brazil manager Luiz Felipe Scolari, who spent seven months in the Chelsea hot-seat during the 2008-09 season. Scolari defended his record at Chelsea and insisted he was not given enough time to make his mark at the club. Chelsea were fourth in the Barclays Premier League and still in both the FA Cup and Champions League when Scolari was sacked in February 2009 after just seven months in the hot-seat. “I believe my time at Chelsea was not as bad as people have been talking about,” Scolari said. “I don’t think (I was given enough time) but it was a decision from the management.” Scolari was sacked by Russian owner Roman Abramovich so the club could “maintain a challenge for the trophies we are still competing for”. David Luiz is convinced Chelsea can end their winter of discontent on a positive note by completing a trophy double. Chelsea are 19 points behind Barclays Premier League leaders Manchester United and they crashed out of the Champions League in the group stages. Most of the season has been played to the soundtrack of angry supporters chanting reminders to interim boss Rafael Benitez that he is not welcome at Stamford Bridge. Luiz recognises Chelsea have been poor but he is determined the club can rescue their season by lifting the Europa League crown and the FA Cup, and he said: “I think we are not playing at the level expected from Chelsea and not doing so well this season but in any case I believe we are because we are still competing for three titles.” center_img Press Associationlast_img read more

Murray Seeded No 1 in a Grand Slam for the First…

first_imgAndy Murray has been named as the top seed for the Australian Open which starts next week, the first time the Scot has been ranked No 1 in a Grand Slam.Murray, a five-time finalist, will be chasing his first Melbourne title while his main rival will be six-time winner Novak Djokovic who has been handed the second seed position.The pair have met in four previous finals, including last year, with Djokovic winning on all four occasions and having beaten Murray in Doha last week, the Serb will be confident of becoming the first man to win the Australian Open on seven occasions. Federer return to Grand Slam action having missed the US Open and the second half of last season with back and knee injuries and having dropped out of the top 10 for the first time since 2002, he is seeded 17th meaning a possible third round tie with Murray or Djokovic could be on the cards.The four-time Aussie Open champion is chasing an 18th Grand Slam title but has not won a major since Wimbledon in 2012 and Melbourne next week will be his first competitive tournament since Wimbledon last year.Nadal is seeded ninth and a potential quarter-final opponent for the top four. The 14-time Grand Slam champion is without a major in almost three years and suffered a five-set first round defeat to Fernando Verdasco in Melbourne last year.In the women’s singles, defending champion and world No 1 Angelique Kerber leads the way followed by 22-time Grand Slam winner Serena Williams.Britain’s Johanna Konta, a semi-finalist at Melbourne Park 12 months ago, is the No 9 seed.  Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more