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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Block Inc | NYSE:SQ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.67 | -0.95% | 69.63 | 76.50 | 68.98 | 76.46 | 28,909,305 | 23:14:17 |
From May 2021 to May 2024
By Robert Barba
Square Inc. reported weaker-than-expected revenue as the payments firm brought in far lower revenue from cryptocurrency bitcoin than what analysts were expecting.
The company reported revenue of $3.84 billion, up from $3.03 billion a year earlier. Revenue from bitcoin, which measures the total sale amount of the cryptocurrency to customers, totaled $1.82 billion, up from $1.63 billion. Transaction-based revenue was $1.3 billion, up from $925 million a year earlier.
Analysts polled by FactSet were expecting revenue of $4.39 billion, including bitcoin revenue of $2.56 billion and transaction-based revenue of $1.29 billion.
Net income attributable to common shareholders was $84,000, compared with a loss of $36.5 million a year earlier. The company broke even on a per share basis, but had earnings per share of 37 cents on an adjusted basis. Analysts were expecting adjusted earnings of 38 cents a share.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
November 04, 2021 16:43 ET (20:43 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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