May 6, 2020 / 8:23 PM / 19 days ago

Square reports bigger quarterly loss as expenses rise

May 6 (Reuters) - Payments processor Square Inc reported a bigger quarterly loss on Wednesday as operating expenses, especially sales and marketing, rose.

The company’s quarterly loss widened to $105.89 million, or 24 cents per share, in the first quarter ended March 31, compared with a loss of $38.15 million, or 9 cents per share, a year earlier.

Reporting by Bharath Manjesh in Bengaluru; Editing by Vinay Dwivedi

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