Block Sees Q4 2023 Gross Profit $1.96B-$1.98B, YoY Growth 18%-19%; Adj EBITDA $430M-$450M; Adj Operating Income $40M-$60M
Portfolio Pulse from Benzinga Newsdesk
Block Inc. projects its Q4 2023 gross profit to be between $1.96B and $1.98B, representing a YoY growth of 18%-19%. The company also expects its adjusted EBITDA to be between $430M and $450M, and its adjusted operating income to be between $40M and $60M.
November 02, 2023 | 8:17 pm
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Block Inc., formerly known as Square (SQ), has provided a positive earnings forecast for Q4 2023, which could potentially boost investor confidence and positively impact the company's stock price in the short term.
Block Inc.'s positive earnings forecast for Q4 2023 indicates strong financial performance, which is a key factor that investors consider when making investment decisions. This could potentially lead to increased demand for the company's stock, thereby driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100