Shares of Block (NASDAQ:SQ) stock are rising 2% today following a notable insider buy.On Aug. 6, Sequoia Capital purchased 434,405 shares of SQ stock at average prices ranging between $56.85 and $57.82. While director Roelof Botha’s name is listed on the Form 4 disclosure, Sequoia made the purchase. The Form 4 is attributed to Botha because he is a partner at Sequoia and also a director at Block.This is the second time that Sequoia, through Botha, has disclosed purchasing SQ during the past year. Its previo ...

CEO Jack Dorsey said the company's latest move could feel "disruptive or uncomfortable" for employees.Block (SQ 0.80%) is in the midst of a shake-up, including a hiring freeze and a business reset. In this latest move, co-founder and CEO Jack Dorsey told employees he plans to restructure Block, warning them that it could feel disruptive.The move is one of many as Dorsey looks to get Block back on a good growth trajectory after years of ballooning expenses. With the stock 79% below its all-time high price of ...

The company announced a new repurchase program worth $3 billion.In this video, I will go over Block's (SQ 0.80%) second-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 1, 2024. The video was published on Aug. 2, 2024. ...

Block (SQ) reported second-quarter 2024 adjusted earnings of 93 cents per share, which surged 132.5% year over year. The figure surpassed the Zacks Consensus Estimate by 22.4%.Net revenues of $6.16 billion missed the Zacks Consensus Estimate by 1.1%. The top line, however, increased 11% from the prior-year quarter.Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $4.13 billion to net revenues in the reported quarter, up 12% year over year. Strength ...

Block (SQ) reported $6.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 11.2%. EPS of $0.93 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.23 billion, representing a surprise of -1.12%. The company delivered an EPS surprise of +22.37%, with the consensus EPS estimate being $0.76.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Block, Inc. (NYSE:SQ) Q2 2024 Earnings Call Transcript August 1, 2024 5:00 PM ET Company Participants Nikhil Dixit - Head of IR Jack Dorsey - Block Head, Square Head, Chairman, and Co-Founder Amrita Ahuja - COO and CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Darrin Peller - Wolfe Research Ken Suchoski - Autonomous Research Jason Kupferberg - Bank of America Ramsey El-Assal - Barclays Harshita Rawat - Bernstein Lafitani Sotiriou - MST Dan Dolev - Mizuho Bryan Keane - Deut ...

Block (SQ) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.37%. A quarter ago, it was expected that this mobile payments services provider would post earnings of $0.62 per share when it actually produced earnings of $0.85, delivering a surprise of 37.10%.Over the last four quarters ...

Q2 2024 Investor Presentation investors.block.xyz BLOCK 2 Forward-looking statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as "anticipate," "believe," estimate," "expect," "goal," "intend," "likely," "may," "plan," "project," "seek," "should," "strategy," "will," and similar expressions. All ...

KANSAS CITY, Mo., Aug. 01, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) will report fourth quarter and fiscal 2024 full year results on Thursday, August 15, 2024, after the New York Stock Exchange market close. At that time, a copy of the press release and presentation will be available on the company's investor relations website at https://investors.hrblock.com/. A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Thursday, August 15, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-37622 ______________________ Block, Inc. (Exact name of registra ...