Creator, co-founder Jack Dorsey, co-founder and president of Twitter and co-founder and CEO of Square Speaks on stage at the Bitcoin 2021 Convention, Kripto-Valute Conference held at the Manwood Congress Center in Wynwood, June 04, 2021. In Miami, Florida.
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Block They reported on Thursday in the fourth quarter, which have lagged behind the Wall Street expectations. The shares have fallen more than 7% in extended trading.
Here’s how the company did, compared to estimates of consensus analysts from LSEG.
- Earnings per share: 71 cents, adapted to 87 cents
- Income: $ 6.03 Expected billions compared to $ 6.29 billion
The revenue increased by about 4.5% with $ 5.77 billion a year earlier.
Block, formerly known as Square, has published $ 2.31 billion in gross profit, which is 14% increased compared to $ 2.03 billion before. The company, which was an early leader in providing the outlets of the outlets for smaller businesses, faces increased competition like similar Toast and Fiserv’s Clover unit.
The scope of gross payment was $ 61.95 billion, Estimation of analysts in the amount of $ 61.3 billion, Streetaccount said. Block has published adapted earnings before interest, taxation, depreciation and depreciation (EBITDA) in the amount of $ 757 million, at the top of an average estimate of analysts of $ 740 million.
– CNBC Robert Hum contributed to this report.
