Block Stock Jumps After Earnings Forecast

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

CEO Jack Dorsey, who recently returned to the fintech he founded in 2009, outlined his priorities for the Square seller business.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

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.

Expedia’s stock jumps 9% as company sees ‘resilience’ in travel demandClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Source: MarketWatch - 🏆 3. / 97 Read more »

Paramount stock jumps after strong earnings report, adding to blockbuster dayThe media conglomerate reported a 38% increase in revenue and 63 million subscribers on Paramount+.
Source: CNBC - 🏆 12. / 72 Read more »

Fastly’s stock jumps 12% on better-than-expected earnings, revenueJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »

DoorDash Stock Jumps On Strong EarningsConsumers continue to order out, based on the food delivery firm’s latest results.
Source: MarketWatch - 🏆 3. / 97 Read more »