Block Inc. (SQ) PT Lowered to $140 at Wolfe Research

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Go back to Block Inc. (SQ) PT Lowered to $140 at Wolfe Research

Block (SQ) Stock Gains After Results, Analysts Praise Strong Cash App Momentum

May 6, 2022 5:58 AM EDT

Shares of Block Inc (NYSE: SQ) are up nearly 6% in premarket trading Friday after the company reported better-than-expected Q1 results.

SQ reported Q1 adjusted EBITDA of $195 million, down 17% YoY, but above the consensus estimates of $157.4 million. Adjusted EPS stood at 18c, down from 41c in the year-ago period and missing the expected 21c per share. Net revenue came in at $3.96 billion, down from $5.06 billion in the year-ago quarter and missing the... More