(Reuters) - Payments processor Square Inc (NYSE:SQ) on Wednesday reported quarterly profit compared with a loss a year earlier, boosted by growth in its subscription and services business.
The company posted a profit of $390.9 million, or 83 cents per share, in the fourth quarter ended Dec. 31 compared with a loss of $28.2 million, or 7 cents per share, a year earlier. (https:// Total net revenue rose to $1.31 billion from $932.5 million.