Block shares pop 11% on full-year guidance boost

Jack Dorsey’s Block Lifts Forecast on Cash App Lending Strength

Jack Dorsey’s Block Inc. raised its full-year profit guidance after second-quarter earnings came in well ahead of Wall Street expectations, fueled by strength in its Cash App lending business and resilient payment volumes.

Block shares pop 11% on full-year guidance boost

Block reported weaker-than-expected earnings for the second quarter but increased its full-year guidance.

Block guidance boost drives shares higher as Chime delivers solid debut earnings - SiliconANGLE

Financial service companies Block Inc. and Chime Financial Inc. both reported second quarter earnings today, with shares in Block up solidly up after hours off the back of strong guidance while Chime shares were down slightly. For the quarter that ended on June 30, Block reported adjusted earnings per share of 62 cents, up from […] The post Block guidance boost drives shares higher as Chime delivers solid debut earnings appeared first on Silicon…