By Allison Prang

Square Inc. said it is expecting transaction and loan-loss expense to climb in the second quarter compared to the first.

The company is guiding for that measure to rise by about $40 million compared to the first quarter, it said Thursday. That expense was around $20 million in the first quarter.

The company is also expecting a $120 million increase in second-quarter adjusted product development, sales and marketing and general administrative costs in the aggregate. That guidance is compared to the first quarter.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

May 06, 2021 17:21 ET (21:21 GMT)

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