Block (NYSE:SQ) stock is down more than 8% in the afternoon session on news that federal prosecutors are probing financial transactions at the fintech company. Specifically, early reports indicate that prosecutors are considering certain crypto transactions that may have ties to terrorist groups. The probe will also indicate whether any transactions were processed in violation of economic sanctions put in place. Various compliance lapses noted by a former employee could have led to such transactions taking ...

Block, Inc. (SQ) is scheduled to report its first-quarter 2024 results on May 2. The company has been benefiting from strong Cash App engagement, driven by its robust financial services products like Cash App Card. Its expanding presence in the “buy now, pay later” market, driven by strength across its Pay-in-Four and Single Use Payments offerings, is expected to have continued driving SQ’s top-line growth in the quarter under review. Strength across the Square ecosystem, on the back of its robust software ...

US prosecutors are examining financial transactions at Jack Dorsey’s Block, NBC News reported Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at Square and Cash App, the company’s two main units. Areas under investigation include whether the company failed to gather sufficient information on customers to assess risks, if Square processed transactions involving countries subject ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Wall Street analysts expect Block (SQ) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 55%. Revenues are expected to be $5.73 billion, up 14.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of a company's earnings di ...

股价表现 - Block（SQ）最近的交易日收盘价为74.03美元，较前一个交易日下跌了1.57%[1] - Block的股价在过去一个月下跌了10.25%，表现不如商业服务行业的5.08%和标普500指数的3.01%的跌幅[2] 财报预测 - Block即将公布财报，预计每股收益为0.62美元，同比增长55%，营收预计为57.3亿美元，同比增长14.8%[3] - Zacks Consensus Estimates预计全年每股收益为2.96美元，营收为246.5亿美元，同比增长分别为64.44%和12.46%[4]

Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App. The rollout of this new Bitcoin Conversions feature began Wednesday (April 24), Block said in an email to PYMNTS. “Block believes that bitcoin is an instrument of economic empowerment and provides a way for people around the world, including business owners, to participate in a global monetary system,” the company said ...

Square公司新计划 - 允许商家将每日销售额的一部分转换为比特币[1] - 商家可以在每天结束时将1-10%的销售额转换为比特币，并在交易完成时收到确认[2] - 公司认为比特币是经济赋权的工具，为全球人民提供参与全球货币系统的途径[4] Block公司比特币转换功能 - 比特币转换功能将在未来几个月内向所有卖家、独资企业或单一成员有限责任公司提供[3] - 从每笔转换中收取1%的费用[3] - Block公司通过其平台让用户更容易购买比特币，例如，将其自托管钱包Bitkey与Cash App和Coinbase集成，以便持有者轻松交易比特币[6]

PM Images Introduction We’ve done a lot recently to reduce our costs. Now we’re going to focus on growth. (Block FY2023 Q4 Shareholder Letter) That pretty much sums up Block's (NYSE:SQ) Q4 earnings results — Block has restructured its organization in such a way that it is well-positioned to drive profitable growth for years to come. Furthermore, management issued strong 2024 guidance, which sent the stock higher following earnings. However, the stock has withered over the past few months as the broader mark ...

Square公司的离线支付功能 - Square公司将离线支付功能扩展到所有硬件设备和所有国家[1] - 近90%的硬件销售商可以接受离线支付[1] - 卖家可以在Square设置中激活离线支付功能，或者在Square POS检测到连接问题时自动激活[4] - 卖家在接受离线支付时会收到通知，而顾客通常不会察觉到变化，可以按照通常方式完成购买体验[5] - Square在经历了一次19小时的停机后，推出了离线支付解决方案[8] - Square和PayPal是主要的小型和中型企业支付处理器[9]