Square Inc. ($SQ) Surges on Surprise Profit, Revenue Growth, and 12% After-Hours Increase in Stock Price
Square Inc. ($SQ) reported its earnings with a surprise profit, leading to a surge in its stock price. The company's Q4 revenue increased, with Cash App and Square profits also rising. Adjusted EBITDA exceeded estimates, pushing the stock price up by 12% after hours.
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GuruFocus
Shares of Block Inc $SQ surged 16.13% on Friday on the back of the company reporting strong fourth-quarter results: https://t.co/jCyKjlf0aV How Block Inc $SQ Makes Its Money: https://t.co/3AiiBySU2S https://t.co/bZ9dEHDBE0
Koyfin In 2023, Block reported $7.5 billion in gross profit (+25%) and expects to grow 15% next year. "For 2024, we are expecting at least $8.65 billion in gross profit or at least 15% growth YoY". Over the last 5 years, gross profits at $SQ have compounded at a rate of 42% annually. https://t.co/y1tMwFtl69
Reuters Business Payments fintech Block climbs after strong earnings forecast https://t.co/j06I8zCqls https://t.co/xuY6tpJYE9
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