By Maria Armental 
 

Square Inc. on Thursday revised financial projections to account for higher interest expense tied to a $1 billion convertible note offering.

The company now expects the first-quarter loss to range from 2 cents to 4 cents a share, compared with its earlier view of a penny to 3 cents a share.

For the year, it now expects the loss to range from 11 cents to 15 cents a share, compared its earlier view of 5 cents to 9 cents a share.

The update doesn't affect its revenue guidance of $1.34 billion to $1.36 billion for the quarter and $5.9 billion to $5.96 billion for the year.

Square is slated to report first-quarter results on May 6.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

March 05, 2020 17:07 ET (22:07 GMT)

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