NYSE:XYZDiversified Financial
Block (SQ) Stock Drops As Margin Gains Clash With Profit Quality
Block walked into this earnings print with a stock that had been grinding higher over the past three months, then saw shares drop about 6% to US$79.07 on the day. That is a sharp reset for a company often viewed as a long term growth story in digital payments and consumer finance.
The headline this quarter is profitability. Block reported Q2 basic earnings per share of US$0.15 on revenue of about US$6.62b, alongside record adjusted operating margins and full year guidance raised on gross...