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
MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
GM Earnings: All you need to know about General Motors Q4 2022 earnings results
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
CAT Earnings: Highlights of Caterpillar’s Q4 2022 results
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per
