Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank
Quarterly results from Block, Affirm and PayPal show that the major U.S. fintechs are converging as they all try to become the go-to digital bank. Block's stock price plummeted after earnings, but CEO Jack Dorsey said the company is executing on its plan to bring more services together for customers.
Why Did Block Stock Plummet on Friday? Buy the Dip or Avoid?
In this video, I will go over Block's (XYZ -17.69%) fourth-quarter earnings report and explain why the stock crashed on Friday. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Block Shares Fairly Valued, Analysts Say Stock 'Not For The Faint Of Heart'
Block XYZ analysts expect a 2025 that is second-half weighted for the company after fourth-quarter financial results and guidance.
Block shares plunge 17%, head for worst day in 5 years after earnings miss
Shares of Block plunged on Friday and headed for their worst day since 2020. The selloff followed fourth-quarter earnings that missed expectations.
Block shares slump on Q4 earnings miss
Block Inc (NYSE:SQ) shares tumbled more than 10% before Friday's opening bell as the company's fourth quarter earnings fell short of Wall Street expectations. The financial services and digital payments firm, formerly known as Square, reported earnings per share of $0.71.
Block: Don't Let The Post-Earnings Selloff Go To Waste
Block's recent double miss in Q4 results and forward guidance led to a post-earnings selloff. Should you buy more or run? Block is cross-selling more, and also moved into higher value segments, validating its ability to scale up. Competitive pressures from legacy and fintech peers have likely worried investors. But, is the market foolish?
Block shares drop as spending slowdown puts BNPL expansion in focus
Payments firm Block's shares fell 8% in premarket trading on Friday as a slowdown in spending growth fueled investor concerns, turning the spotlight to its bet on buy-now, pay-later lending to drive profits in 2025.
Block, Inc. (XYZ) Q4 2024 Earnings Call Transcript
Block, Inc. (NYSE:XYZ ) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Nikhil Dixit - Head of IR Jack Dorsey - Head, Chairman and Co-Founder Amrita Ahuja - Foundational Lead Conference Call Participants Tien-Tsin Huang - JPMorgan Tim Chiodo - UBS Darrin Peller - Wolfe Research Dan Dolev - Mizuho Robbie Bamberger - Baird Andrew Bauch - Wells Fargo Jason Kupferberg - Bank of America Ramsey El-Assal - Barclays Rayna Kumar - Oppenheimer Bryan Keane - Deutsche Bank Operator Good day, ladies and gentlemen, and welcome to the Block Fourth Quarter 2024 Earnings Conference Call. Today's call will be 45 minutes.
Block Doubles Down on Banking Base as FinTech Competition Grows
Jack Dorsey is no stranger to playing the long game. But Block, the financial services and digital payments company formerly known as Square, missed Wall Street's short-term estimates for its fourth quarter 2024 earnings and revenue numbers Thursday (Feb. 20), sending the stock down high single-digits in extended trading.
Rivian & Block earnings, humanoid robots: Market Domination Overtime
As the trading day comes to a close, Julie Hyman and Alexandra Canal look back on Thursday's market (^DJI, ^IXIC, ^GSPC) performance while reporting on the latest earnings from Rivian (RIVN) and Block, Inc. (XYZ). Solidarity Capital's Jeff McLean comes onto the program to talk about the areas of the market where volatility (^VIX) is creating new investment opportunities.
Block (XYZ) Q4 Earnings and Revenues Lag Estimates
Block (XYZ) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.45 per share a year ago.
These are the factors weighing on Block's stock after earnings
Block expects accelerating growth as the year goes on, but investors may have wanted more from the company's overall gross-profit outlook.
