2023-11-14 06:22:00 ET
Earnings season is largely in the rearview mirror, and there are some growth stocks that reported not only impressive results, but clear paths to long-term profitability. And not only that, but some of the best results came from companies whose stocks are trading well below their recent highs. Here are three in particular that could be worth a closer look right now.
As CEO Jack Dorsey stated in his letter to Block 's (NYSE: SQ) shareholders, "We've been quiet lately because we've been focused." After a couple years of growth moves that didn't seem central to the business, such as the acquisition of music platform Tidal, Block is refocusing its efforts on its Cash App and Square business ecosystems.
Management is also focusing on profitability and shareholder value. The company has capped its number of employees, focused on controlling costs, and more. Dorsey outlined several areas where massive growth potential exists, such as focusing on banking services on both the consumer and business sides of the massive fintech company .
For further details see:
3 Top Growth Stocks That Are Screaming Buys Right Now