Block Sees Q3 Gross Profit Up 17%, Sees 2024 Gross Profit Up 18%
Portfolio Pulse from Benzinga Newsdesk
Block Inc. (SQ) reported a 17% increase in gross profit for Q3 and anticipates an 18% increase in gross profit for 2024.
August 01, 2024 | 8:14 pm
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Block Inc. (SQ) reported a 17% increase in gross profit for Q3 and anticipates an 18% increase in gross profit for 2024.
The significant increase in gross profit for Q3 and the positive forecast for 2024 are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100