Block shares surge after earnings beat and increased full-year guidance
Publishing timestamp: 2023-11-03 10:17:44
Summary
Block reported strong third-quarter earnings, beating analyst estimates on both top and bottom lines. The company saw strong growth in revenue from its Cash App and Square platforms. Block also hiked its guidance, announced a $1 billion stock buyback, and provided positive outlooks for adjusted operating income and gross profit in the coming years. The company aims to focus on its go-to-market strategy and use artificial intelligence technology to drive growth and innovation.
Sentiment: POSITIVE
Keywords: technology, business news, block inc, dividends, oxford square capital corp, breaking news: technology, cryptocurrency exchanges, cryptocurrency, earnings, fintech, investment strategy,
Source: https://www.cnbc.com/2023/11/02/block-sq-earnings-report-q3-2023.html