What's Going On With Block Inc Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
Block, Inc. (NYSE:SQ) shares are trading higher ahead of its Q3 earnings report. The company is expected to report earnings of 47 cents per share and quarterly revenue of $5.437 billion. Shares of SQ are up over 5% ahead of earnings, but the stock is down by more than 25% over the last month. In October, Square announced 10 new generative AI features, marking it as a key business priority.
November 02, 2023 | 2:30 pm
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Block, Inc. (NYSE:SQ) is expected to report Q3 earnings of 47 cents per share and quarterly revenue of $5.437 billion. The stock is up over 5% ahead of earnings, but down by more than 25% over the last month.
The stock price of Block, Inc. is trading higher ahead of its Q3 earnings report, indicating positive investor sentiment. However, the stock has been down by more than 25% over the last month, which could be a concern for investors. The company's focus on generative AI as a key business priority could potentially drive future growth.
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