Block (formerly Square) had a banner day on Friday, with its stock price surging 16% after the company exceeded analyst expectations in its fourth-quarter earnings report. Here’s what fuelled the positive investor sentiment: Key Takeaways Beat Analyst Estimates: Block surpassed analyst expectations for gross profit, a key metric for the company’s core business. Gross profit rose 22% year-over-year to $2.03 billion. Strong […]
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