Block shares surge 19% after company announces surprise profit
Publishing timestamp: 2024-02-23 12:37:10
Summary
Block reported strong revenue growth in Cash App and Square revenue, beating analyst estimates on gross profit. The company also raised its adjusted EBITDA forecast and saw upgrades from Wall Street analysts.
Sentiment: POSITIVE
Keywords: investment strategy, business news, block inc, dividends, fintech, cryptocurrency exchanges, earnings, breaking news: technology, oxford square capital corp, technology, cryptocurrency,
Source: https://www.cnbc.com/2024/02/22/block-sq-earnings-q4-2023.html