Tag: $Block

Block Inc (XYZ) shares soared more than 22% in premarket U.S. trading Friday after the payments company said it would cull nearly half its workforce as part of an effort to embed artificial intelligence deeper into its operations.

Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 6% in extended trading.

Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.

Block earnings beat expectations as revenue rose 19% in the first quarter, boosted by Bitcoin. The stock is rising.

Block
stock rose as much as 14% in extended trading Thursday after the payments company reported fourth-quarter earnings that beat analyst estimates on gross profit and showed strong growth in its Square and Cash App revenue.

Shares of fintech firm Block surged as much as 19% in after-hours trading Thursday, after the company reported third-quarter earnings that beat analyst estimates on the top and bottom line and showed strong growth in both Cash App and Square revenue.