BLOCK-Block (SQ) Q2 Earnings Beat Estimates, Revenues Increase Y/Y

Block (SQ) reported second-quarter 2024 adjusted earnings of 93 cents per share, which surged 132.5% year over year. The figure surpassed the Zacks Consensus Estimate by 22.4%.Net revenues of $6.16 billion missed the Zacks Consensus Estimate by 1.1%. The top line, however, increased 11% from the prior-year quarter.Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed$ 4.13 billion to net revenues in the reported quarter, up 12% year over year. Strength ...