Business1 source
Block Inc. shares rise 6% after-hours as it raises full-year profit forecast
Headline from The Block
Key points
- Block Inc. shares experienced a 6% increase in after-hours trading following the company's decision to raise its full-year gross profit guidance.
- The updated forecast now targets $12.63 billion in gross profit, reflecting an expected 22% growth year-on-year.
- Investors responded favorably to the updated financial outlook delivered by the financial services firm.
Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.
Sources
- The BlockBlock Inc. shares rise 6% after-hours as it raises full-year profit forecast · 1 hour agoRead on The Block
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