Jim Cramer: I Feel Better About Square’s Balance Sheet

Credit risk was always the big worry when it came to Square (SQ) - Get Report , but that risk seems to be alleviated, said TheStreet's (TST) - Get Report Jim Cramer. Square on Wednesday reported a second quarter loss of $27.3 million, or a loss of 8 cents per share. Wall Street's consensus estimate was for a loss of 11 cents per share. The mobile payments services provider also beat on the top line posting revenue of $438.5 million in the period, also topping the Street forecast of $407.5 million.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.