Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of Block’s (SQ) Q4 2022 earnings report
Financial services company Block, Inc. (NYSE: SQ), previously known as Square, has reported a decrease in fourth-quarter adjusted earnings, despite strong top-line growth.
Fourth-quarter earnings, adjusted for one-off items, decreased to $0.22 per share from $0.27 per share in the corresponding quarter of the previous year. On an unadjusted basis, the company reported a net loss of $114 million or $0.19 per share for the most recent quarter, compared to a loss of $77 million in the prior-year period.
Check this space to read management/analysts’ comments on Block’s Q4 results
Total revenues increased 14% year-over-year to $4.65 billion. At $53.2 billion, gross payments volume was up 15% compared to the fourth quarter of 2021.
Prior Performance
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company