Block shares are trading higher following strong earnings and guidance from Affirm. Block owns buy-now-pay-later company Afterpay.
Portfolio Pulse from Benzinga Newsdesk
Block shares are experiencing an uptick due to Affirm's strong earnings and guidance. Block owns Afterpay, a buy-now-pay-later company, which is positively impacted by Affirm's performance.
August 29, 2024 | 4:53 pm
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POSITIVE IMPACT
Block's shares are trading higher following Affirm's strong earnings and guidance. Block owns Afterpay, a buy-now-pay-later company, which is positively impacted by Affirm's performance.
Affirm's strong earnings and guidance suggest a positive outlook for the buy-now-pay-later sector, benefiting Block's Afterpay. This has led to an increase in Block's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80