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Block reports Q4 revenue up 4.5% YoY to $6.03B vs. $6.29B est., gross profit up 14% to $2.31B, Cash App gross profit up 16% to $1.38B; XYZ drops 6%+ after hours (MacKenzie Sigalos/CNBC)
MacKenzie Sigalos / CNBC: Block reports Q4 revenue up 4.5% YoY to $6.03B vs. $6.29B est., gross profit up 14% to $2.31B, Cash App gross profit up 16% to $1.38B; XYZ drops 6%+ after hours — Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 7% in extended trading.
MacKenzie Sigalos / CNBC:
Block reports Q4 revenue up 4.5% YoY to $6.03B vs. $6.29B est., gross profit up 14% to $2.31B, Cash App gross profit up 16% to $1.38B; XYZ drops 6%+ after hours — Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 7% in extended trading.
