Block shares jump on better-than-expected first-quarter results
Publishing timestamp: 2024-05-02 19:31:47
Summary
Block reported first-quarter earnings that beat analysts' estimates, with revenue of $5.96 billion. The stock rose more than 7% in extended trading. The company's Cash App business reported a 25% year-over-year jump in gross profit. However, there are ongoing concerns about compliance practices and investigations by U.S. prosecutors.
Sentiment: MIXED
Tickers: SQ,
Keywords: jack dorsey, business news, earnings, cryptocurrency, energy, fintech, bitcoin, technology, business, block inc,
Source: https://www.cnbc.com/2024/05/02/block-sq-earnings-q1-2024.html