Story perspectives
Block Earnings Miss Estimates, Stock Drops Over 6%
2/21/2025
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Story summary
- Block reported fourth-quarter earnings of 71 cents per share, missing estimates of 87 cents.
- Revenue was $6.03 billion, below the forecast of $6.29 billion, while gross profit increased by 14% to $2.31 billion.
- Following the report, stock prices fell over 6%, raising concerns about consumer spending and competition.
- Block projects a 15% gross profit growth for 2025, aiming for $10.22 billion.
