(Bloomberg) -- Square Inc.’s sales rose 64% in the second quarter from a year ago, as a pickup in online business activity helped offset pain from the coronavirus shutdown, according to a person familiar with the matter.
The payments company’s net revenue in the period ending June 30 was $1.92 billion, compared with $1.17 billion during the same time last year, said the person, who asked to not be identified because the matter isn’t public.
It lost 3 cents per share in the quarter, this person said.
Square shares jumped about 4% in extended trading.
(Updates with shares in final paragraph.)
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