Block Q2 2024 GAAP EPS $0.31 Misses $0.34 Estimate, Sales $6.115B Miss $6.276B Estimate
Portfolio Pulse from Benzinga Newsdesk
Block (NYSE: SQ) reported Q2 2024 earnings per share (EPS) of $0.31, missing the analyst consensus estimate of $0.34 by 8.82%. The company also reported quarterly sales of $6.115 billion, which missed the estimate of $6.276 billion by 2.57%. Despite the misses, sales increased by 10.48% compared to the same period last year.
August 01, 2024 | 8:13 pm
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Block (NYSE: SQ) reported Q2 2024 earnings per share of $0.31, missing the analyst consensus estimate of $0.34 by 8.82%. The company also reported quarterly sales of $6.115 billion, which missed the estimate of $6.276 billion by 2.57%. Despite the misses, sales increased by 10.48% compared to the same period last year.
Block's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase of 10.48% may provide some support.
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