Block: Q2 Earnings Snapshot
SAN FRANCISCO (AP) _ Block, Inc. (SQ) on Thursday reported a loss of $208 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.
The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.
The mobile payments services provider posted revenue of $4.4 billion in the period, topping Street forecasts. Eleven analysts surveyed by Zacks expected $4.33 billion.