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.

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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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