Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11%+ after hours (Dean Seal/Dow Jones Newswires)
NegativeArtificial Intelligence

Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11%+ after hours (Dean Seal/Dow Jones Newswires)
Block's third-quarter revenue has increased by 2.3% year-over-year to $6.1 billion, but this figure fell short of the $6.3 billion estimate. Additionally, the adjusted earnings per share were below expectations, although the company reported a net income of $461.6 million, up from $283.8 million last year. This news has led to a significant drop of over 11% in XYZ's stock after hours. The results highlight the challenges Block faces in meeting market expectations, which could impact investor confidence.
— via World Pulse Now AI Editorial System





