23 03, 2023

Block Shares Tank 13% After Claims of Fraud: Should You Weather the Storm or Cut Losses?

By |2023-12-07T20:58:31+00:00March 23rd, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , |

Block (SQ) shares tanked as much as 20% in Thursday morning’s trading session before bouncing back up to around a 13% loss. This all came as a notorious short seller - Hindenburg Research - finalized its “2-year investigation” into the company and uncovered alarming findings. Hindenburg claims that Block is complicit in criminal activity, [...]

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24 02, 2023

Block Outperforms Revenue & Profit, But Misses EPS in 4th Quarter: Here’s 1 Thing Holding SQ Back

By |2023-12-07T21:00:40+00:00February 24th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , |

Block (SQ), previously known as Square, delivered their fiscal 4th quarter earnings yesterday after the market closed. The report was mixed, with EPS coming in below expectations despite revenue & profit outperforming expectations. Revenue came in at $4.65 billion, narrowly beating Wall Street’s estimate of $4.61 billion. The company reported a solid gross profit [...]

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