Feb 22 Square Inc, the mobile payments
company co-founded and run by Twitter Inc Chief
Executive Jack Dorsey, reported a 20.7 percent jump in quarterly
revenue as it processed more payments.
Net loss attributable to common stockholders narrowed to
$15.17 million, or 4 cents per share, in the fourth quarter
ended Dec. 31, from $80.5 million, or 34 cents per share, a year
Square's net revenue rose to $451.9 million from $374.4
million. ( bit.ly/2l0PNSu)
The company facilitates payments between businesses and
customers by using a credit card reader that turns any mobile
phone into a payment terminal.
The company's shares were up 5 percent in after-market
trading on Wednesday.
(Reporting by Diptendu Lahiri in Bengaluru; Editing by Sriraj