News
Block Shares Tumble After 2025 Profit Forecast Cut
After market close on Thursday, Jack Dorsey-led Block lowered its forecast for 2025 gross profit growth to 12% from 15%, while projecting second-quarter gross profit at $2.45 billion which was below Wall Street estimates of $2.54 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
Block’s stock fell by more than 20% after its first quarter earnings call and is 25% below where it was five years ago. Now ...
Block, formerly Square, CEO Jack Dorsey has stated that the company is on track to launch its Bitcoin mining chip in 2025.
Block shares fell sharply Friday after the fintech and Bitcoin holder reported quarterly earnings well below Wall Street ...
Shares of Block plunged nearly 25% Friday, a day after the payments technology provider posted worse-than-expected results ...
Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that ...
Square faces the same risks as many others in the payments space due to its reliance on consumer spending. But international ...
Quarterly updates from the business bank and payments player met a savage market reaction, with loan and sales growth ...
Unexpected changes in spending patterns on the P2P app caused the company to miss internal and analyst targets, resulting in ...
"Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds," analysts from Oppenheimer wrote in a report. Block on Thursday ...
Afterpay operator Block saw as much $1.7bn wiped off its value at market open on Friday, after the Square and Cash App owner ...
The largest hit came from a decline in discretionary spending in categories including media and travel, Chief Financial ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback