Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of Block’s (SQ) Q2 2022 earnings report
Block, Inc. (NYSE: SQ), previously known as Square, Thursday reported a sharp decline in second-quarter adjusted earnings, hurt by continued weakness in top-line performance.
Second-quarter earnings, adjusted for one-off items, dropped to $0.18 per share from $0.49 per share in the corresponding quarter of last year. On an unadjusted basis, the company reported a net loss of $208 million or $0.36 per share for the most recent quarter, compared to a profit of $204 million or $0.40 per share in the prior-year period.
Total revenues decreased 6% year-over-year to $4.40 billion. At $52.5 billion, gross payments volume was up 23% compared to the second quarter of 2021.
Check this space to read management/analysts’ comments on Block’s Q2 results
Shares of Block closed Thursday’s session higher but declined in after-hours trading following the earnings announcement.
Stocks you may like:
MKC Earnings: Key quarterly highlights from McCormick & Company’s Q1 2023 financial results
McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today. Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency. Net income was $139.1
Earnings: Trxade Health (MEDS) reports 16% rise in FY22 revenue; loss narrows
Trxade Health, Inc. (NASDAQ: MEDS), a leading health service IT company, reported a double-digit increase in revenues for fiscal 2022. The company's full-year net loss narrowed from the prior year.
Can KB Home (KBH) beat market headwinds in 2023?
KB Home (NYSE: KBH) has been expanding its presence beyond the key markets lately, while also diversifying homebuilding operations by offering highly customized options to customers. The downturn in the