Block shares plunge 10% on revenue miss

Block shares tumbled 11% in extended trading on Thursday after the company reported third-quarter revenue that trailed Wall Street expectations.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 88 cents adjusted vs. 87 cents expectedRevenue: $5.98 billion vs. $6.24 billion expectedBlock, formerly known as Square, posted $2.25 billion in gross profit, up 19% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company ...