August 1, 2018 / 8:27 PM / 4 months ago

Payment processor Square reports smaller quarterly loss

Aug 1 (Reuters) - Payments processor Square Inc reported a smaller quarterly loss, helped by higher revenue from transactions, subscription products and services. The company, which is led by Twitter Inc Chief Executive Jack Dorsey, said net loss narrowed to $5.91 million, or 1 cent per share, for the second quarter ended June 30 from $15.96 million, or 4 cents per share, a year ago. (bit.ly/2Kj67ur)

Total revenue rose to $815 million from $552 million.

Reporting by Diptendu Lahiri in Bengaluru; Editing by Arun Koyyur

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