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Block shares fall on profit, revenue miss

Block reported fourth-quarter earnings of 71 cents per share, missing the expectation of 87 cents, leading to a stock drop of over 7% in extended trading.
Revenue of $6.03 billion fell short of the expected $6.29 billion, while gross profit increased 14% year-over-year to $2.31 billion.
Competition from companies like Toast and Fiserv is growing, prompting analysts to express concerns about Block's market share and user growth.
CEO Jack Dorsey emphasized long-term growth potential, stating, "This year is going to be one of unexpected upside," driven by new initiatives.

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Investor's Business Daily

Block Q4 Earnings, Revenue Miss Estimates. Square Stock Falls.

Block reported Q4 earnings and revenue that missed estimates. Square stock fell as investors mulled mixed results for key financial metrics. The post Block Q4 Earnings, Revenue Miss Estimates. Square Stock Falls. appeared first on Investor's Business Daily.

Block shares fall on profit, revenue miss

Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.

3 days ago·United States

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Wall Street Pit

Block Crashes 18% in Worst Drop in 5 Years - Wall Street Pit

Block Inc. (XYZ) shares dropped 18% to $68.47, the worst day in five years, after Q4 earnings of $0.71 per share and $6.03 billion in revenue missed estimates of $0.88 and $6.29 billion, with 2025 guidance failing to reassure investors. Despite a 13% rise in Cash App’s gross profit per…

2 days ago

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abbonews.com

Block (NYSE: XYZ) Stock Sinks as Q4 Earnings Disappoint

Block (NYSE: XYZ) stock tumbled 9% in pre-market trading Friday after the payments company reported fourth-quarter earnings that missed Wall Street expectations

2 days ago

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Busines and Oil News

Block shares fall on profit, revenue miss – DG Verifications & Stats

In this article XYZ Follow your favorite stocksCREATE FREE ACCOUNTJack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021.Joe Raedle | Getty Images Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 7% in extended trading. Here is how the company …

2 days ago

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SiliconANGLE

Block falls short on Q4 estimates with lower-than-expected earnings - SiliconANGLE

Shares in Block Inc. fell more than 7% in after-hours trading today after the financial services company came up short of expectations on both earnings and revenue in its fiscal 2024 fourth quarter. Block reported adjusted earnings per share of 71 cents, up from 47 cents per share in the fourth quarter of 2023, on […] The post Block falls short on Q4 estimates with lower-than-expected earnings appeared first on SiliconANGLE.

3 days ago

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