Block Faces Revenue Challenges Amid Restructuring and Market Reactions
TL;DR Summary
Square-parent Block reported third-quarter earnings that met expectations but missed on revenue, causing Square stock to fall over 2% in extended trading. The company reported adjusted earnings of 88 cents per share, matching analyst estimates, but revenue of $5.98 billion fell short of the expected $6.24 billion. Gross profit rose 19% to $2.25 billion, slightly above estimates, while EBITDA increased 69% to $807 million, surpassing projections. However, guidance for the fourth quarter and 2025 was weaker than anticipated, contributing to the stock's decline.
- Square Stock Tumbles On Q3 Revenue Miss, Weak Guidance Investor's Business Daily
- Block reports revenue miss but a slight beat on earnings CNBC
- Dorsey on U.S. election: 'We're focusing on what we can control' American Banker
- Block, Affirm, DraftKings: 3 Earnings In Focus Yahoo Finance
- Block Bulls Charge Into Q3 As Cathie Wood Sells, Dorsey Restructures Benzinga
Reading Insights
Total Reads
0
Unique Readers
3
Time Saved
2 min
vs 3 min read
Condensed
79%
402 → 83 words
Want the full story? Read the original article
Read on Investor's Business Daily