Block (XYZ) Misses Q1 Earnings and Revenue Estimates

Block (XYZ) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36.36%. A quarter ago, it was expected that this mobile payments services provider would post earnings of $0.83 per share when it actually produced earnings of $0.71, delivering a surprise of -14.46%.Over the last four quart ...