Block Swings to Net Income in Q2; Full 2024 Guidance Raised

MT Newswires Live

Aug 02, 2024

Block (ASX:SQ2), formerly known as Square, reported an attributable net income of $195.3 million for the three months ended June 30, compared with a loss of $102 million for the year-ago period, according to a Friday filing with the Australian bourse.

The payment services provider's net income per share was $0.31 for the second quarter, compared with a loss of $0.17 per share a year ago.

Total net revenue came in at $6.16 billion, up 11% from $5.53 billion a year earlier.

The company raised its 2024 guidance to "reflect outperformance" in the second quarter and its stronger expectations for the remainder of the year.

Full-year gross profit is forecast to reach at least $8.89 billion, up 18% year over year and higher than the previous guidance of $8.78 billion. Adjusted earnings before interest, taxes, depreciation, and amortization are projected to come in at $2.9 billion, compared with $2.76 billion previously.

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Adjusted earnings before interest, taxes, depreciation, and amortization are projected to come in at $2.9 billion, compared with $2.76 billion previously.</p></body></html>","source":"mtnewswires_live","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Block Swings to Net Income in Q2; Full 2024 Guidance Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Full 2024 Guidance Raised Block (ASX:SQ2), formerly known as Square, reported an attributable net income of $195.3 million for the three months ended June 30, ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2456492532","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2456492532","pubTimestamp":1722555731,"columns":[],"sourceInfo":{"source_id":"mtnewswires_live","name":"MT Newswires Live"},"weMediaInfo":null,"summary":"Block Swings to Net Income in Q2; Full 2024 Guidance Raised Block (ASX:SQ2), formerly known as Squar","collect":0,"end_time":0,"defaultTopTitle":"mtnewswires.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","XKO.AU":"标普/澳交所 300指数","BK4227":"交易和支付处理服务","BK4551":"寇图资本持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","XJO.AU":"标普/澳交所 200指数","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK7033":"数据处理与外包服务","BK4585":"ETF&股票定投概念","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4503":"景林资产持仓","BK7158":"交易和支付处理服务","XAO.AU":"标普/澳交所 普通股指数","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","BK4106":"数据处理与外包服务"},"translate_title":"第二季度净利润大幅波动；2024年全面指引上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XKO.AU":1,"XAO.AU":1,"XJO.AU":1,"SQ2.AU":1,"SQ":1},"content_text":"Block Swings to Net Income in Q2; Full 2024 Guidance Raised Block (ASX:SQ2), formerly known as Square, reported an attributable net income of $195.3 million for the three months ended June 30, compared with a loss of $102 million for the year-ago period, according to a Friday filing with the Australian bourse.The payment services provider's net income per share was $0.31 for the second quarter, compared with a loss of $0.17 per share a year ago.Total net revenue came in at $6.16 billion, up 11% from $5.53 billion a year earlier.The company raised its 2024 guidance to \"reflect outperformance\" in the second quarter and its stronger expectations for the remainder of the year.Full-year gross profit is forecast to reach at least $8.89 billion, up 18% year over year and higher than the previous guidance of $8.78 billion. Adjusted earnings before interest, taxes, depreciation, and amortization are projected to come in at $2.9 billion, compared with $2.76 billion previously.","kind":"live","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}