Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Block’s (SQ) Q1 2022 earnings report
Block, Inc. (NYSE: SQ), previously known as Square, has reported a sharp decline in first-quarter adjusted earnings, hurt by a double-digit fall in revenues.
First-quarter earnings, adjusted for one-off items, dropped to $0.18 per share from $0.41 per share in the comparable period of 2021. On an unadjusted basis, the company reported a net loss of $204.2 million or $0.38 per share, compared to a profit of $39 million or $0.08 per share in the prior-year quarter.
Total revenues decreased 21% year-over-year to $3.96 billion. At $43.5 billion, gross payments volume was up 31% year-over-year.
Read management/analysts’ comments on results
Shares of Block traded lower early Monday. It has declined 49% since the beginning of the year.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
NKE Q2 Earnings Preview: Can Nike maintain the recovery momentum?
Sneaker giant NIKE, Inc. (NYSE: NKE) entered the fiscal year facing heightened competition and shifting consumer preferences. Its upcoming second-quarter results are expected to reflect these evolving industry dynamics and
Earnings Preview: Conagra Brands’ (CAG) sales and earnings projected to decline in Q2 2026
Shares of Conagra Brands, Inc. (NYSE: CAG) rose 1% on Friday. The stock has dropped 7% in the past three months. The branded food company is slated to report its
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
