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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 | |
|---|---|---|---|---|---|---|---|---|
| -1.00 | -1.37% | 72.00 | 11,142 | 12:16:07 |
From May 2019 to May 2024
By Allison Prang
Payments company Square Inc. reported a profit in its fourth quarter, which was lifted by its investment in DoorDash.
Square's fourth-quarter profit was $294 million, a drop from $390.9 million a year ago. Earnings were 59 cents a share, down from 83 cents a share a year ago.
The company's profit included a $274.3 million gain related to equity investments. That gain, Square said, was mostly from the mark-to-market valuation of Square's investment in DoorDash, Square said.
Adjusted earnings were 32 cents a share. According to FactSet, analysts were expecting 24 cents a share.
Revenue more than doubled to $3.16 billion. Analysts were expecting $3.1 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 23, 2021 16:56 ET (21:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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