Previous close | 6.8500 |
Open | 2.0100 |
Bid | 2.9900 |
Ask | 3.1500 |
Strike | 72.00 |
Expiry date | 2024-05-24 |
Day's range | 2.0100 - 2.0500 |
Contract range | N/A |
Volume | |
Open interest | 43 |
Shares of Block (SQ) are moving up Friday morning — gains eventually pulling back after the market open, but remaining in the green — after the fintech company posted its first-quarter earnings results, revealing a 22% gain in gross profit, compared to one year ago. The company announced that they plan on using 10% of those profits from bitcoin (BTC-USD) products, to buy more bitcoin as an investment. Morning Brief Anchor Brad Smith breaks down the latest development for Block as it leans heavier into investing in bitcoin For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Block (SQ) reported first quarter adjusted earnings per share of $0.85 compared to a $0.71 estimate. Revenue of $5.96 billion was just slightly better than the $5.89 billion estimate. The company also says in its release that it will be investing 10% of its "gross profit from bitcoin products into bitcoin purchases." Block also raised its full-year gross profit and adjusted EBITDA forecasts. Yahoo Finance's Julie Hyman breaks down the financial technology company's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
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