SQ Jul 2024 65.000 call
| Previous close | 9.82 |
| Open | 13.30 |
| Bid | 10.25 |
| Ask | 10.70 |
| Strike | 65.00 |
| Expiry date | 2024-07-19 |
| Day's range | 11.75 - 13.30 |
| Contract range | N/A |
| Volume | |
| Open interest | 523 |
- Yahoo Finance Video
Block to use 10% of bitcoin profits... to buy more bitcoin
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
- Yahoo Finance Video
Block stock pops on Q1 earnings, guidance boost
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.
Investor's Business DailySquare Stock Pops On Earnings Beat. CEO Dorsey Lays Out New Bitcoin Plans.
Square stock popped after Block reported Q1 earnings and revenue that topped estimates while EBITDA guidance came in above expectations.
