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Block Inc (NYSE:XYZ) on Thursday reported better-than-expected first-quarter earnings and issued FY26 adjusted EPS guidance above estimates.
Block reported quarterly earnings of 85 cents per share, which beat the analyst consensus estimate of 68 cents by 25%, according to Benzinga Pro data. Quarterly revenue came in at $6.057 billion, which just missed the Street estimate of $6.061 billion.
“We continued to deliver strong financial performance in the first quarter as AI became more central to how Block operates and what we build for customers. We exceeded our guidance across gross profit, …
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