Block Earnings: Shareholder Returns Are Finally Being Taken Seriously

By Neil Rozenbaum – Nov 3, 2023 at 10:15AM

NYSE: SQ

Block

Market Cap

$46B

Today's Change

(1.52%) $1.13

Current Price

$75.61

Price as of April 29, 2024, 11:04 a.m. ET

Block stock is down 30% this year, but it might have just turned a corner.

In this video, I will go over Block's (SQ 1.52%) third-quarter earnings report, some crucial points that were mentioned during the call, and why the stock soared 15% right after the company reported earnings that beat top- and bottom-line estimates.

*Stock prices used were from the trading day of Nov. 2, 2023. The video was published on Nov. 2, 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.