Earnings

Block (SQ) earnings Q3 2022

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Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.

Joe Raedle | Getty Images

Block stock rose over 11% in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.

Here’s how Block did versus Refinitiv consensus expectations:

  • EPS: $0.42, adjusted, versus expectations of $0.23
  • Revenue: $4.52 billion versus expectations of $4.49 billion

Block posted $1.57 billion in gross profit, up 38% from $1.13 billion a year ago. That beat Wall Street…



Source cnbc.com

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