Block shares jumped in after-hours trading after the parent company of the payments platform Square beat expectations for its earnings and laid out financial forecasts that were more upbeat than anticipated.
Shares of Block rose more than 19% in after hours trading. As of the close on Thursday, they were down 30% so far this year. The company said in a letter to shareholders that it believes it can achieve gross profit growth in the midteens and a mid-20% adjusted operating income margin in 2026.
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