Block Inc Shares Up 8% Following Q1 Earnings Beat

TLDR Block Inc shares rose nearly 8% in after-hours trading after the company beat Q1 earnings estimates. The company reported earnings of $0.85 per share, exceeding the $0.68 consensus forecast. Block Inc posted a net loss of $309 million, marking its first quarterly loss since 2023. A 23.8% drop in Bitcoin prices led to a [...]

The post Block Inc Shares Up 8% Following Q1 Earnings Beat appeared first on Blockonomi.