Block Q2 EPS $0.39 Beats $0.35 Estimate, Sales $5.54B Beat $5.08B Estimate
Portfolio Pulse from Benzinga Newsdesk
Block (NYSE:SQ) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.35 by 11.43%. This is a 116.67% increase over earnings of $0.18 per share from the same period last year. The company also reported quarterly sales of $5.54 billion, beating the analyst consensus estimate of $5.08 billion by 8.96%. This is a 25.68% increase over sales of $4.40 billion the same period last year.
August 04, 2023 | 2:19 pm
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POSITIVE IMPACT
Block's Q2 earnings and sales exceeded estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Block's Q2 earnings and sales exceeded analyst estimates, which is typically seen as a positive sign of the company's financial health and could lead to increased investor confidence. This could potentially result in a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100