Block boosts 2025 gross profit guidance, after Q2 GPV, gross profit top estimates
Main Idea
Block (NYSE:XYZ) stock surged 11% in after-hours trading due to strong Q2 performance, with gross payment volume and gross profit exceeding Wall Street expectations.
Key Points
1. Block (NYSE:XYZ) stock rose 11% in Thursday after-hours trading.
2. The company's Q2 gross payment volume surpassed Wall Street expectations.
3. Block's Q2 gross profit also exceeded analyst forecasts.
Description
More on Block Block: Let It Ride On S&P Inclusion? Block's Blueprint For A Bounce Back Toast Vs. Square (Block): If You Can Only Choose One Fintech Stock To Buy Block Non-GAAP EPS of $0.62 misses by $0.06, revenue of $6.05B misses by $240M Cash App rebound estimated to help Block beat Q2 consensus, raise outlook
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