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Block reported a double beat, but that wasn't enough to push the stock higher. Is Block stock a buy now?
In this video, I will go over Block's (XYZ -3.05%) second-quarter earnings report and explain why the stock is down 6% right after reporting slightly better-than-expected earnings.
*Stock prices used were from the trading day of Aug. 3, 2023. The video was published on Aug. 4, 2023.
Neil Rozenbaum has positions in Block. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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