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Square Is Hungry for Success
By: Motley Fool | August 10, 2018

This payment processing company has an appetite for a huge opportunity in the restaurant industry. Can it capture this key market, or is it biting off more than it can chew?

Few stocks have shown greater appreciation recently than shares of Square Inc. (NYSE:SQ). Over the past year, Square's stock price is up an incredible 160%; year to date, the price is up almost 100%. While that type of torrid growth is hard to sustain, Square keeps backing it up with great quarterly performances, and when Square reported its second-quarter earnings last week, the company once again delivered stellar results.

In Q2, Square's adjusted revenue rose to $385 million, a 60% increase year over year, and its adjusted EBITDA grew to $68 million, an even better 87% increase year over year. Underlining this strong growth was a surge in its gross payment volume, the dollar amount of transactions made at a Square point of sale. This quarter, this figure rose 30% to $21.4 billion.

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