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Square Shares Dip Ahead Of Q1 Earnings Report -

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    • Square Shares Dip Ahead Of Q1 Earnings Report
May, 05th 06:30

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Today, Square Inc. is scheduled to release its first-quarter earnings report. The company’s revenue is forecast to report sales of $345 million, an 8% decrease from the reading of $374.4 million in the preceding quarter. Moreover, the investors have doubts about Square’s growth potential due to impending regulation on small business lending, as well as the possibility of slowed demand from third-parties. On the hourly chart, the stock slid to 12.31. RSI (14) (currently at 38.67) is forecast to keep falling and the bearish trend is likely to dominate the market for a longer period of time.

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