Block Q4 2023 Adj EPS $0.45 Misses $0.59 Estimate
Portfolio Pulse from Benzinga Newsdesk
Block (NYSE:SQ) reported Q4 2023 adjusted EPS of $0.45, missing the consensus estimate of $0.59 by 23.73%. However, its quarterly sales of $5.77 billion exceeded expectations by 1.30% and marked a 24.12% increase from the previous year.
February 22, 2024 | 9:16 pm
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Block's Q4 2023 earnings report showed a mixed performance with an EPS miss but higher than expected sales, indicating potential volatility in its stock price.
The missed EPS could lead to negative sentiment among investors, potentially driving the stock price down. However, the higher sales figures could offset this by indicating strong revenue growth, making the short-term impact on the stock price uncertain.
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