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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
