Square Guides for Higher Transaction and Loan-Loss Expense in 2Q
07 May 2021 - 7:36AM
Dow Jones News
By Allison Prang
Square Inc. said it is expecting transaction and loan-loss
expense to climb in the second quarter compared to the first.
The company is guiding for that measure to rise by about $40
million compared to the first quarter, it said Thursday. That
expense was around $20 million in the first quarter.
The company is also expecting a $120 million increase in
second-quarter adjusted product development, sales and marketing
and general administrative costs in the aggregate. That guidance is
compared to the first quarter.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 06, 2021 17:21 ET (21:21 GMT)
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