5 Key Earnings Reports to Watch

1. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 96

Shares of Block, Inc. (NYSE:SQ) soared over 26 percent on Friday, February 25, 2022, after the financial services and digital payments company delivered impressive profit and sales for the fourth quarter.

Block, Inc. (NYSE:SQ) reported adjusted earnings of 27 cents per share, crushing expectations of 23 cents per share. Revenue for the quarter climbed 29 percent on a year-over-year basis to $4.08 billion and easily surpassed expectations of $4.04 billion. Bitcoin revenue in the quarter jumped 12 percent to $1.96 billion.

Block, Inc. (NYSE:SQ) also released its segment-wise sales performance. Its transaction-based revenue in the quarter increased 41 percent to $1.31 billion, while subscription and services-based revenue skyrocketed 72 percent to $772 million.

Among other updates, Block, Inc. (NYSE:SQ) reported that its gross payment volume (GPV) in the quarter surged 45 percent to $46.3 billion. In addition, the company announced that it completed the acquisition of Australia-based buy now pay later (BNPL) platform Afterpay on January 31.

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