Block shares fall on profit, revenue miss
Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.
Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 6% in extended trading.
Here is how the company did, compared to analysts' consensus estimates from LSEG.
Earnings per share: 71 cents adjusted vs. 87 cents expected
Revenue: $6.03 billion vs. $6.29 billion expected
Revenue increased about 4.5% from $5.77 billion a year earlier.