Block Swings to Net Profit in Q3; Shares Fall 7%

MT Newswires Live

Nov 08, 2024

Block (ASX:SQ2) swung to an attributable net profit of $283.8 million in the third quarter from a loss of $88.7 million in the same quarter a year earlier, according to a Friday filing with the Australian bourse.

Analysts polled by Visible Alpha expected an attributable net profit of $232.8 million.

Earnings per share was $0.45, compared with a loss per share of $0.15 a year earlier, the filing said. The consensus estimate compiled by Visible Alpha was for an EPS of $0.37.

Revenue for the three months ended Sept. 30 rose to $5.98 billion from $5.62 billion year on year, the filing added. Analysts surveyed by Visible Alpha expected $6.22 billion.

Shares of the financial technology firm fell almost 7% in recent Friday trade.

Price (AUD): $111.09, Change: $-7.87, Percent Change: -6.62%

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The consensus estimate compiled by Visible Alpha was for an EPS of $0.37.</p><p>Revenue for the three months ended Sept. 30 rose to $5.98 billion from $5.62 billion year on year, the filing added. Analysts surveyed by Visible Alpha expected $6.22 billion.</p><p>Shares of the financial technology firm fell almost 7% in recent Friday trade.</p><p>Price (AUD): $111.09, Change: $-7.87, Percent Change: -6.62%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7033","symbol_name":"数据处理与外包服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481161144","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481161144","pubTimestamp":1731026931,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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