Why Square Raised Its 2018 Loss Outlook
After recently closing the acquisition of website-builder Weebly and finalizing a debt offering, Square (SQ) now expects to post a larger loss in 2018 than it originally anticipated. In the first quarter, its reported loss per share was $0.06. Square raised its 2018 loss guidance to reflect the costs associated with the acquisition of Weebly as well as an increase in interest expense due to the recent debt offering.