Digital payment company Block (XYZ.US) reported an adjusted earnings per share of 54 cents for the third quarter, below the expected 67 cents; revenue grew 2% year-on-year to $6.11 billion, below the expected $6.31 billion. The stock price fell nearly 9%.
The company raised its full-year performance forecast, expecting gross profit to reach $10.2 billion this year, an increase of over 15% year-on-year. Adjusted operating income is expected to reach $2.06 billion this year, a year-on-year increase of nearly 28%

Digital payment company Block reported an adjusted earnings per share of 54 cents for the third quarter, below the expected 67 cents; revenue grew 2% year-on-year to $6.11 billion, below the expected $6.31 billion. The stock price fell nearly 9%. The company raised its full-year performance forecast, expecting gross profit to reach $10.2 billion this year, an increase of over 15% year-on-year. Adjusted operating income is expected to reach $2.06 billion this year, a year-on-year increase of nearly 28%

"Performance" Digital payment company Block's Q3 earnings fell short of expectations, raising the full-year performance target