Square surges 16% after reporting quarterly earnings showing a 64% jump in revenue (SQ)

Business Insider

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· *Square released its second quarter earnings results on Tuesday, a day early, after Bloomberg News reported the numbers. *
· *The company reported a 64% jump in revenue and a 167% gain in gross profit on its Cash App, which competes with Venmo. *
· *Shares surged as much as 16% in intraday trading Wednesday. *
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