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Benzinga
Benzinga
Business
Wayne Duggan

5 Block Analysts Praise Q4 Earnings Beat, Cash App Outlook

Block SQ

Block Inc (NYSE:SQ) shares traded higher by 23% on Friday after the company exceeded expectations with its fourth-quarter earnings report.

On Thursday afternoon, Block reported fourth-quarter adjusted EPS of $1.71, beating consensus analyst estimates of $1.66. Fourth-quarter revenue was $4.1 billion, in-line with analyst expectations. Revenue was up 29.1% from a year ago.

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