By Allison Prang
Square Inc. said it is expecting transaction and loan-loss expense to climb in the second quarter compared to the first.
The company is guiding for that measure to rise by about $40 million compared to the first quarter, it said Thursday. That expense was around $20 million in the first quarter.
The company is also expecting a $120 million increase in second-quarter adjusted product development, sales and marketing and general administrative costs in the aggregate. That guidance is compared to the first quarter.
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(END) Dow Jones Newswires