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Block Shares Rally On Q2 Results, Forward Guidance
Block, Inc. (NYSE:SQ) shares are up after the company reported its second-quarter financial results Thursday. Here's a look at the key figures from the report.
The Details: Block reported quarterly earnings of 31 cents per share which missed the analyst consensus estimate of 34 cents by 8.82%. Quarterly sales came in at $6.115 billion, missing the analyst consensus estimate of $6.276 billion by 2.57% and representing a 10.48% increase from the same period last year.
Block said gross profit grew 20% year-over-year in the second quarter. Square generated gross profit of $923 million, up 15% year-over-year, and Cash App generated gross ...