Earnings

Block (SQ) earnings Q4 2023

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Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.

Eva Marie Uzcategui | Bloomberg | Getty Images

Block stock closed up 16% Friday, a day after the payments company reported fourth-quarter earnings that beat analysts’ estimates on gross profit and showed strong growth in its Square and Cash App revenue.

Here’s how the company did, compared to analysts’ consensus from LSEG, formerly known as Refinitiv:

  • Earnings per share: 45 cents adjusted, not comparable to estimates
  • Revenue: $5.77 billion vs. $5.70 billion expected

Block posted $2.03 billion in gross profit, up 22% from a…



Source cnbc.com

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