Block stock pops on Q1 earnings, guidance boost

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Earnings Per Share News

Gross Profit,Julie Hyman,Block

Block (SQ) reported first quarter adjusted earnings per share of $0.85 compared to a $0.71 estimate. Revenue of $5.96 billion was just slightly better than...

) reported first quarter adjusted earnings per share of $0.85 compared to a $0.71 estimate. Revenue of $5.96 billion was just slightly better than the $5.89 billion estimate. The company also says in its release that it will be investing 10% of its"gross profit from bitcoin products into bitcoin purchases.

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