(Reuters) - Payments firm Block's shares tumbled 16% in morning trading on Friday as a slowdown in spending growth fueled investor concerns, shifting the spotlight to its bet on buy-now, pay-later ...
Block, Inc. (NYSE:XYZ) released its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the report. The Details: Block reported quarterly earnings of 56 cents ...
Block is a highly attractive growth play for Fintech investors, with a surge in EBITDA and significant earnings momentum. Cash App remains the fastest-growing business segment for Block and sees ...
Block shares fell Friday after the fintech giant missed Wall Street’s expectations for its third quarter, rattling investors who expected stronger growth from the Cash App and Square parent. The ...
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi operations to shift money into its Bitcoin mining and wallet businesses. Block’s shares tumbled in early after-hours ...
Block posted a drop in first-quarter revenue and profit and cut its full-year guidance after the company noticed changes to consumer spending as a result of the macro environment. The parent company ...