BUZZ-Block's ASX-listed shares plunge on quarterly profit miss

Reuters

2025/02/24

** ASX-listed shares of Block XYZ.AX plunge as much as 13% to A$108, lowest since October 24, 2024

** Stock logs biggest intraday pct drop since March 24, 2023

** ASX stock among top losers on benchmark ASX 200 .AXJO

** Payments firm misses Q4 profit estimates as holiday season spending and gains from post-election surge in bitcoin lagged expectations

** About 716,985 shares traded vs the 30-day avg of 283,318

** YTD, XYZ down 23.3%

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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