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Square shares climbed in after-hours trading Wednesday after the company reported second-quarter results that beat analyst expectations.
Here's how the company did compared to what Wall Street expected:
The stock rose nearly four percent during initial after-hours trading. The shares since then have pared its gains and is now trading nearly one percent.
In Square's second-quarter last year, the company reported a loss of 8 cents on revenue of $438.5 million.
Given their strong second-quarter results, Square raised its full-year guidance:
The technology company, which directly competes with PayPal's Venmo and Apple's peer-to-peer payments services, is a favorite for small businesses who often use Square readers to complete transactions.
The payment processing company is up more than 96 percent year-to-date, and over 160 percent over the past year. Square hit an all-time intraday high of $27.97 on July 27.