Block Inc. (SQ) News

Block Inc. (SQ): $63.83

-1.77 (-2.70%)

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SQ News Highlights

  • SQ's 30 day story count now stands at 75.
  • Over the past 26 days, the trend for SQ's stories per day has been choppy and unclear. It has oscillated between 1 and 15.
  • The most mentioned tickers in articles about SQ are PAY, JACK and APP.

Latest SQ News From Around the Web

Below are the latest news stories about Block Inc that investors may wish to consider to help them evaluate SQ as an investment opportunity.

Block By Jack Dorsey Announces 47% Increase In Profits In Q4 Of 2021

Block by Jack Dorsey announced 47% increase in profits in the last quarter of 2021 which reached $1.18 billion as we can see further in today’s bitcoin news. Block by Jack Dorsey formerly known as Square, disclosed its gross profits for the last quarter of 2021 and stood at $1.18 billion which is an increase […]

DC Forecasts | February 27, 2022

Jack Dorsey''s Block Announced 47% Increase in Gross Profit in Q4 2021 -

Jack Dorsey’s fintech startup Block (formerly known as Square) disclosed its gross profit for Q4 2021 stood at $1.18 billion, which is an increase of 47%

Bitcoin Ethereum News | February 27, 2022

PayPal: Deep Value Fintech

This is my second company deep dive. I have been digging deep in the fintech industry lately as I believe it is one of the most exciting battlegrounds for the next few decades, and PayPal is a must-read for fintech investors, given that it pioneered online payments more than 20...

Riyado Sofian on Seeking Alpha | February 26, 2022

5 Block Analysts Praise Q4 Earnings Beat, Cash App Outlook

Block Inc (NYSE: SQ ) shares traded higher by 23% on Friday after the company exceeded expectations with its fourth-quarter earnings report. On Thursday afternoon, Block reported fourth-quarter adjusted EPS of $1.71, beating consensus analyst estimates of $1.66. Fourth-quarter revenue was $4.1 billion, in-line with analyst expectations. Revenue was up 29.1% from a year ago. The company ended the year with 44 million monthly average users and 13 million monthly active debit card users, up 20% from a year ago. Cash App generated $1.96 billion in Bitcoin (CRYPTO: BTC ) in the quarter, up 12% year-over-year. The company also reported holding $371 million in Bitcoin on its balance sheet. Looking ahead, Block guided for Square gross payment volume growth of 35% in the months of January and Fe...

Benzinga | February 26, 2022

Q4 2021 Earnings Strong for Coinbase and Block, but not Robinhood

Both companies beat expectations in Q4 2021 showing strong performance in the quarter, unlike the largest retail trading platform. The post Q4 2021 Earnings Strong for Coinbase and Block, but not Robinhood appeared first on The Tokenist.

Tim Fries on The Tokenist | February 26, 2022

Block and WFCF among top tech gainers; Stem and Latch among losers

Gainers: Block (NYSE:SQ) +23%. Where Food Comes From (NASDAQ:WFCF) +21%. Cyren (NASDAQ:CYRN) +21%. Kaltura (NASDAQ:KLTR) +20%. IronNet (NYSE:IRNT) +19%. Losers: Everbridge (NASDAQ:EVBG) -38%. LivePerson (NASDAQ:LPSN) -27%. Latch (NASDAQ:LTCH) -25%. Vicor (NASDAQ:VICR) -24%. Stem (NYSE:STEM) -21%....

Seeking Alpha | February 25, 2022

Block Surges 18% After-Hours on Robust Q4 Beat

Digital payments provider Block Inc. (NYSE: SQ) reported robust fourth-quarter results beating both earnings and revenue expectations. Following the news, shares continued their upward trajectory during the extended trading session, advancing 18.3% after ending the day up 7.1% at $94.99 on February 24. The company also completed the acquisition of BNPL provider Afterpay on January 31, 2022, for which the company will start consolidating the results in the first quarter of FY 2022. Robust Q4 Results Block’s quarterly adjusted earnings stood at $0.27 per share, 2 cents higher than analysts' estimates, but lower than Q4FY20 earnings of $0.32 per share. Block reported Q4 net revenue of $4.

Sheryl Sheth on TipRanks | February 25, 2022

Block: Cash App Outlook Wins the Day

Heading into Block’s (SQ) Q4 earnings report, there were concerns the company would follow in the footsteps of other digital payment strugglers and provide a subpar display. Those fears appeared unsubstantiated after the company delivered the goods and signaled the company’s star offering, the Cash App, is doing just fine. Revenue increased by 29.1% year-over-year to reach $4.08 billion, in turn beating the Street’s call by $20 million. On the bottom-line, non-GAAP EPS of $0.27 came in ahead of the consensus estimate by $0.05. Gross profit rose by 47% to $1.18 billion compared to the analysts’ forecast of $1.

Marty Shtrubel on TipRanks | February 25, 2022

These Stocks are the Biggest Pre-Market Movers on Friday

Losers page, we’ve identified the top 5 pre-market stock movers, as detailed below.  5 Biggest Movers  Farfetch Limited (FTCH), the provider of a technology platform for the luxury fashion industry, was the biggest gainer in the pre-market session, jumping 29.6% at the time of writing. The company reported a lower-than-expected fourth-quarter 2021 loss though revenue missed expectations. Additionally, Gross Merchandise Value (GMV) of $1.3 billion surged 22%.

Priti Ramgarhia on TipRanks | February 25, 2022

Is SQ Stock a Buy on Block’s Earnings Boom? 3 Analysts Weigh In.

SQ stock is up big this morning after crushing analysts' earnings expectations in yesterday's quarterly report.

Shrey Dua on InvestorPlace | February 25, 2022

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