TECH - Block Stock Soars On Q1 Earnings Strategic Bitcoin Investment: Details | Benzinga
Block, Inc. (NYSE:SQ) shares rose after the company reported its first-quarter financial results on Thursday. Here's a look at the highlights.
Block reported quarterly sales of $5.957 billion, which beat the analyst consensus estimate of $5.821 billion, representing a 19.38% increase over sales of $4.99 billion from last year.
The company reported adjusted earnings of 85 cents per share, beating the 72 cents per share consensus estimate.
Cash App generated a quarterly gross profit of $1.26 billion, up 25% year over year, and Square generated a gross ...