Block’s Commercial Success Soars Beyond Projections
The fintech giant, Block (NYSE:SQ), has reported a remarkable quarter, exceeding expectations with a 20% year-over-year surge in gross profit and an impressive 81% jump in adjusted EBITDA. This outstanding performance has led the company to revise its FY24 guidance, anticipating a 15% year-over-year increase in gross profit to a staggering $8.65 billion.
Note: The views expressed in this article are solely those of the author and do not constitute investment advice. Past performance is not indicative of future results, and investors should conduct their own research before making any investment decisions.
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