Block shares plunge 10% on revenue miss
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Block's shares dropped by 10% after the company reported third-quarter revenue of $5.98 billion, missing analysts' expectations of $6.24 billion.
November 07, 2024 | 9:30 pm
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Block's shares fell 10% due to a revenue miss in Q3, reporting $5.98 billion against the expected $6.24 billion.
Block's significant revenue miss led to a 10% drop in its stock price, indicating a negative market reaction. The miss against analyst expectations suggests potential concerns about the company's financial performance.
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