Investors anxious about whether Jack Dorsey’s return to the top job at Twitter(TWTR) was hindering his work as CEO of payment-processor Square (SQ) had some of their worries allayed on Tuesday.
The San Francisco-based finance business reported a loss of 9 cents a share for the three months through September, smaller than the 11-cent loss estimated by analysts in a FactSet survey, while payment volume climbed 39%. The company is still working to end its agreement with premium coffee chain Starbucks, which was initially touted as a positive but proved unprofitable and has taken longer to dissolve than anticipated.
