Square Inc. reported a wider first-quarter loss as the financial-technology firm spent more on product development and marketing, and signaled that it would continue to invest big sums into its payments and services businesses.
The San Francisco-based company reported a net loss of $24 million, or 6 cents a share, compared with a net loss of $15 million, or 4 cents a share, for the same quarter a year earlier. Adjusted earnings were 6 cents a share, in line with the consensus forecast from analysts polled by Thomson Reuters....