Block shares show sustained recovery following last week's earnings report

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Block shares show sustained recovery following last week's earnings report
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Shares in payments company Block, previously known as Square, show signs of recovery after its earnings report last Thursday.

Shares in Block, the payments company previously known as Square, have climbed more than 30% since it reported earnings last week as Wall Street investors bet the worst may be behind the beleaguered fintech.

, which closed at about $95 before the company released results on Thursday evening, are changing hands for about $126 in pre-market New York trading today. The stock is still down about 40% since CEO Jack Dorsey announced in November he'd leave his role at Twitter to focus on Block.

 

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