Shares of Block jump on earnings beat

Here's how Block did versus Refinitiv consensus expectations:: $4.52 billion versus expectations of $4.49 billion

Block posted $1.57 billion in gross profit, up 38% from $1.13 billion a year ago. That beat Wall Street expectations of $1.53 billion. Block, formerly known as Square, said in a letter to shareholders that its company showed strong growth, even asIts Cash App business reported $774 million in gross profit, a 51% year-over-year rise, according to Block. The company said that there were over 18 million people actively using its Cash debit card in September, up 40% year-over-year.

Block said it registered a bitcoin impairment loss of $2 million during the quarter related to Bitcoin it bought in late 2020 and early 2021. Block still holds $156 million worth of bitcoin, based on its price at the end of September.

Why’s he look like a crackhead

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Futures Edge Down After FedStock futures are edging lower ahead of a busy day of economic data, earnings and a Bank of England interest-rate announcement.. Follow the latest markets updates. Aldi has restored 2019 prices. Will other chains follow or enjoy record profits? Risk: workers will push for a share.
Source: WSJ - 🏆 98. / 63 Read more »