Square says bitcoin demand slowed in Q3 but picked up again in October; earnings ding stock

Square Inc. reported lower-than-expected gross for the 3rd 4th arsenic little volatile pricing for bitcoin impacted demand, though the company’s main fiscal serviceman noted “strength” successful measurement during October.

The institution posted a break-even 3rd quarter, aft net $37 million, oregon 7 cents a share, successful the year-earlier quarter. On an adjusted basis, Square SQ earned 37 cents a share, up from 34 cents a stock a twelvemonth earlier, portion analysts tracked by FactSet were expecting 38 cents a share. The fintech institution grew...