Benzinga
Why Square Shares Are Falling
Shares of companies in the broader tech space, including Square Inc (NYSE: SQ), are trading lower as weakness in Snap Inc (NYSE: SNAP) and Intel Corporation (NASDAQ: INTC) following quarterly earnings weighs on the sector. Snap reported quarterly sales of $1.07 billion which missed the analyst consensus estimate of $1.10 billion by 3%. Intel reported quarterly sales of $18.10 billion which missed the analyst consensus estimate of $18.24 billion by 1%. Square provides payment acquiring services t