Square Inc. ($SQ) reported its earnings with a surprise profit, leading to a surge in its stock price. The company's Q4 revenue increased, with Cash App and Square profits also rising. Adjusted EBITDA exceeded estimates, pushing the stock price up by 12% after hours.
Shares of Block Inc $SQ surged 16.13% on Friday on the back of the company reporting strong fourth-quarter results: https://t.co/jCyKjlf0aV How Block Inc $SQ Makes Its Money: https://t.co/3AiiBySU2S https://t.co/bZ9dEHDBE0
In 2023, Block reported $7.5 billion in gross profit (+25%) and expects to grow 15% next year. "For 2024, we are expecting at least $8.65 billion in gross profit or at least 15% growth YoY". Over the last 5 years, gross profits at $SQ have compounded at a rate of 42% annually. https://t.co/y1tMwFtl69
Payments fintech Block climbs after strong earnings forecast https://t.co/j06I8zCqls https://t.co/xuY6tpJYE9
SQ's Q4 earnings were driven by Cash App's performance and financial discipline, according to Wedbush Securities managing director Moshe Katri. https://t.co/boU3UpKzus
$SQ +17% after earnings. WTF: 100x multiple on EBITDA guidance? And can’t really eak out positive FCF. Mr. Efficient high on something. We hall see what happens to $FOUR, a real business, after earnings next week.
“progress over the past several months in terms of streamlining itself organizationally, sharpening its focus within its two key businesses Square and Cash App, and becoming hyper-focused on driving profitable growth has been impressive — and we think there’s more to go” $SQ
Block $SQ shares are on the rise, currently up 20%, after their Q4 earnings. Sales increased by 24.1% year-over-year, with revenue hitting $5.77 billion. This beat analysts’ expectations by $60 million. #block #stocks
$SQ +22% wowza
$SQ (+16.6% pre) Block shares surge as much as 14% after company announces surprise profit - CNBC https://t.co/5DLGYk75Wt
$SQ Seaport upgrades Block The firm raised its rating on the financial technology company to buy from neutral following its latest earnings release. ” SQ’s progress over the past several months in terms of streamlining itself organizationally, sharpening its focus within its…
$SQ great execution this quarter Trading up near 80 target of our vert. spread https://t.co/lildx5OU7J
Block’s stock heads for best day in 15 months as it’s now attractive in a new way https://t.co/Cbtpj9lfu3
Payments fintech Block extends gains after strong earnings forecast https://t.co/k7krpoATbv https://t.co/7YdvmgIy1q
⚠️ PAYMENTS FINTECH BLOCK EXTENDS GAINS AFTER STRONG EARNINGS FORECAST (Reuters) Shares of Jack Dorsey-led Block jumped 15% before the bell on Friday, extending gains from the previous session, as cost cuts helped the payments firm forecast first-quarter core earnings above… https://t.co/OXtgoFHakf
$SQ going to set a new 52 wk high today...
Jack Dorsey-led fintech firm Block had a great quarter, driven by Bitcoin and the @CashApp. https://t.co/SvF6Bq5Nmq
$SQ earnings #namaste https://t.co/KEV0SjuKGc
Block shares surge 12% after announcing surprise profit https://t.co/OliqttBzLT
$NU Nu Holdings Q4 FY23. • Customers +26% Y/Y to 94M. • Purchase volume +29% Y/Y FXN to $33B. • Deposits +38% Y/Y FXN to $24B. • ARPAC +23% Y/Y FXN to $10.6. • Revenue +66% Y/Y to $2.4B ($60M beat). • Adjusted net income $396M. https://t.co/nRqzmh2v7s
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+ (@hannahdlang / Reuters) https://t.co/svsXlG3QGg 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/X6q87gmgqd
Block shares surged after the payments company reported results and first-quarter expectations that exceeded analysts’ estimates https://t.co/GW52pLjPYL
$SQ Block Q4 FY23: • GPV +8% to $58B. • Gross profit +22% to $2.0B. → Square +18% to $0.8B. → Cash App +25% to $1.2B. • Adjusted EBITDA $0.6B. • Revenue $5.8B ($60M beat). • Non-GAAP EPS $0.45 ($0.12 miss). https://t.co/hPQ8i6TmTA
Block beats Wall Street estimates, sending shares up 12% https://t.co/beBKB9FqMu https://t.co/pcfz6incCA
Block just went full profit mode and full Cash App Bank Takeover: $SQ Bringing back Robert Andersen, first designer for Cash App and Square. Cash App focus is feature parity with banks, location-aware banking, and social. $2.03B gross profit, +22% y/y (accel) Massive EBITDA… https://t.co/MgzrnOhlmj
$SQ (+12% after-hours) Jack pulled a rabbit out of his hat tonight as Block gets sent higher on mixed results EPS: $0.45 vs $0.59 est. Rev: $5.77B vs $5.70B est. Sess 2024 Adj. EBITDA: $2.63B, saw $2.40B https://t.co/ezJdbakeKA
$SQ popping 10 points on earnings...nizzzeee
Block delivers a surprise profit, and its stock is surging https://t.co/6U1JtaBPeK
Square $SQ reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $0.57 up 159% YoY Revenue of $5.71B up 22.8% YoY