Block shares pop 11% on full-year guidance boost
1. Block's gross profit rose 14% to $2.54 billion, surpassing estimates. 2. Adjusted earnings per share were 62 cents, below the expected 69 cents. 3. Full-year gross profit guidance raised to $10.17 billion, a 14% increase. 4. Block's payment volume grew 10%, despite increasing competition. 5. Block shares dropped 10% this year, but were just added to S&P 500.