Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBlock Shares Fall 2 percent as Q3 Revenue Misses Estimates

Block Shares Fall 2 percent as Q3 Revenue Misses Estimates

Add to Favorite
Added to Favorite


Block (NYSE:SQ) saw its shares decline by around 2% in pre-market today following third-quarter earnings that met expectations but revenue missed analyst targets. The company reported adjusted earnings per share of $0.88, aligning with projections, but revenue fell short at $5.98 billion compared to the anticipated $6.24 billion.
Despite the revenue miss, Block’s key segments posted strong performance, with gross profit rising 19% year-over-year to $2.25 billion. Cash App, the company’s popular mobile payment service, led the growth with $1.31 billion in gross profit, up 21% year-over-year, while the Square segment contributed $932 million, a 16% increase from last year.
Block reported $323 million in operating income, with adjusted operating income reaching $444 million, reflecting a 20% margin driven by growth and effective cost control. CEO Jack Dorsey highlighted Cash App’s robust growth, fueled by higher user inflows and improved monetization.
Looking ahead, Block maintained its guidance for at least $8.89 billion in gross profit for the full year, reflecting an 18% growth rate. The company also raised its forecast for adjusted operating income to a minimum of $1.56 billion, achieving an 18% margin.

Subscribe to get Latest News Updates

Latest News

You may like more
more

JPMorgan’s 2025 Global Economic Outlook: Resilience Amid Risks

Introduction JPMorgan’s latest "2025 Global Economic Outlook" projects a resilient...

Trump’s Nominations Signal Market Volatility: Insights from Piper Sandler

Key Takeaways from Piper Sandler’s Report 1. Increased Policy Uncertainty Piper...