Block Stock Climbs After Q2 Earnings Report: Here's Why
1. Block's Q2 earnings missed estimates at 62 cents per share. 2. Quarterly revenue fell to $6.05 billion, below expectations. 3. Adjusted Operating Income grew by 38% year-over-year. 4. Square GPV and Cash App profits saw strong growth. 5. Block raised future gross profit guidance to $10.17 billion by 2025.