BOSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- On behalf of an individual investor, Block & Leviton LLP filed a class action lawsuit today against Nano Nuclear Energy, Inc. (Nasdaq: NNE), along with certain individuals, alleging that they violated federal securities laws by issuing false and misleading statements concerning the company’s business, operations, and prospects. A copy of the Complaint is available on Block & Leviton’s website. The suit alleges that throughout the Class Period, Defendants made false ...

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 ...

Market Opportunity - Block estimates Square represents a ~$130 billion gross profit opportunity[20] - Square has penetrated less than 1% in the mid-market segment[30] - Cash App represents a ~$75 billion gross profit opportunity in the U S[38] - Cash App is reaching less than 20% of the U S population today[40] Square Ecosystem - In Q2 2024, GPV from mid-market sellers (>$500K annualized GPV) reached $54 2 billion[60] - International gross profit for Square grew $121 million year-over-year[58] - Gross profit from international markets is increasing as a % of overall Square gross profit[58] Cash App Ecosystem - Cash App has 57 million actives[67] - Inflows per active for Cash App are $1,243[67] - Monetization rate for Cash App is 1 53%[70] Financial Guidance - The company raised its full-year gross profit guidance to at least $8 89 billion, representing 18% year-over-year growth[105] - The company expects full-year Adjusted Operating Income of at least $1 44 billion, a 16% margin[105] - For Q3 2024, the company expects $2 22 billion of gross profit, a 17% year-over-year growth, and $320 million of Adjusted Operating Income[110, 111]

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, ...