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Benzinga
Benzinga
Business
Adam Eckert

Why Block Shares Are Trading Higher Today

Block

Block Inc (NYSE:SQ) shares are trading higher Friday morning after the company reported first-quarter financial results. 

Block said first-quarter revenue decreased 22% year-over-year to $3.96 billion, which came in below the $4.14 billion estimate. The revenue decline was mainly driven by a decline in Bitcoin (CRYPTO: BTC) revenue, which totaled $1.73 billion and was down 50.1% year-over-year.

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