Square falls 7% after forecasting lower-than-expected guidance

US News Rank

Jack Dorsey, co-founder and chief executive officer of Twitter Inc., speaks during an interview in New York, U.S., on Monday, May 1, 2017.
Michael Nagle | Bloomberg | Getty Images

Shares of Square dropped as much as 8% after the payments company beat analysts’ expectations for second-quarter earnings and revenue but reported weaker-than-expected guidance. 
Square also announced a deal to sell its…

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