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.
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.
Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), voiced optimism for the firm’s Bitcoin (CRYPTO: BTC) ...
Quarterly results from Block, Affirm and PayPal show that the major U.S. fintechs are converging as they all try to become ...
Block stock is down Friday after the payments company missed expectations for its fourth quarter. Here's what you need to ...
Key Takeaways Block's profit, sales, and outlook were short of forecasts as consumer spending slowed.CEO Jack Dorsey said the ...
Twitter and Block creator Jack Dorsey's routine has evolved over the years. Now, he likes to make lists of what he does — and ...
It’s been a strong start to 2025 for popular Wall Street innovator Block, but can it emerge to become a dominant fintech ...
Crypto financial firm Block just released its financials for the fourth quarter of 2024, missing Wall Street expectations.
Cash App was a big growth driver last year for Block Inc. and is expected to remain so as 2025 unfolds, the company said ...
After missing fourth quarter estimates, Block, Inc. (XYZ) is falling in Thursday's extended hours. The financial services ...
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