Block shares tumble after 2025 profit forecast cut
1. Block's shares dropped 22% after profit forecast cut. 2. This marks its lowest share price since November 2023.
FAQ
Why Very Bearish?
The significant drop in share price signals investor loss of confidence, similar to past forecasts cuts by other payment firms leading to sustained stock declines.
How important is it?
The profit forecast cut directly affects investor sentiment and perceived future value.
Why Short Term?
This immediate reaction to news is typical; however, any long-term recovery will depend on future profitability improvements.