Block falls short on Q4 estimates with lower-than-expected earnings
Block reported adjusted earnings per share of 71 cents, up from 47 cents per share in the fourth quarter of 2023, on revenue of $6.03 billion, up 9.5% year-over-year. Both figures were misses, as analysts had been expecting adjusted earnings per share of 88 cents on revenue of $6.295 billion.
Morgan Stanley upgraded Block (NYSE:XYZ) to Equalweight from Underweight on Tuesday as the fintech stock's current valuation ...
A tepid growth in gross payment volume and monthly active users did not satisfy investors and adversely affected its stock ...
Q4 gross profit was slightly below expectations, though in line with the company’s outlook. Importantly, Square gross ...
Block's robust earnings report highlights impressive gross profit growth and a strong profitability profile. Click here to ...
Block analysts lower price targets after a Q4 that missed revenue and earnings per share estimates. Analysts see short-term weakness with 2025 heavily weighted to the second half of the year for ...
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