Block Soars on Surprise Profit & Upbeat Guidance: ETFs to Benefit [Yahoo! Finance]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
However, the figure missed the Zacks Consensus Estimate by 22.4%. Net revenues of $5.77 billion surpassed the Zacks Consensus Estimate of $5.69 billion. Block posted $2.03 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more specific measurement of the company's core transactional businesses, per CNBC. The company raised its adjusted EBITDA forecast to at least $2.63 billion from $2.40 billion. The top line increased 24% from the prior-year quarter. Shares surged 16% on Feb 23, reflecting earnings results. Inside the Results Block, formerly known as Square, ended the year with 56 million monthly transacting actives for Cash App in December, with most of those customers using it for either peer-to-peer payments or the Cash App Card. Its Cash App business' $1.18 billion in gross profit saw 25% year-over-year growth. Its Cash App Card has 23 million monthly actives in December, up 20%. That is more than two times the growth rate of total
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SQ
News
- Block (SQ) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App [Yahoo! Finance]Yahoo! Finance
- Jack Dorsey's Block Finishes Development of Bitcoin Mining Chip [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Crown Point woman faces felony fraud charges for business theft allegations [Yahoo! Finance]Yahoo! Finance
- Block, Inc. (NYSE: SQ) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $100.00 price target on the stock.MarketBeat
SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- SQ's page on the SEC website