Block shares plunge 18%, for worst day on market in 5 years after earnings miss
Block shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors.
Block shares plunge as competition in payments heats up
Block reported fourth-quarter profit of 71 cents per share Thursday, falling short of average analyst estimates of 87 cents per share, CNBC reported, citing LSEG data. Fourth-quarter revenue came in at $6.03 billion, falling short of analysts’ expectations of $6.29 billion.
Quarterly results from Block, Affirm and PayPal show that the major U.S. fintechs are converging as they all try to become ...
Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), voiced optimism for the firm’s Bitcoin (CRYPTO: BTC) ...
Block stock is down Friday after the payments company missed expectations for its fourth quarter. Here's what you need to ...
Twitter and Block creator Jack Dorsey's routine has evolved over the years. Now, he likes to make lists of what he does — and ...
Block's profit, sales, and outlook were short of forecasts as consumer spending slowed. CEO Jack Dorsey said the Square and ...
It’s been a strong start to 2025 for popular Wall Street innovator Block, but can it emerge to become a dominant fintech ...
After missing fourth quarter estimates, Block, Inc. (XYZ) is falling in Thursday's extended hours. The financial services ...
Crypto financial firm Block just released its financials for the fourth quarter of 2024, missing Wall Street expectations.
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