Block Inc.’s Stock Plunges 18% After Missing Revenue Forecasts
Block Inc.’s shares fell by almost 18% to $68.35, the largest decline in five years, after the company missed analysts’ revenue forecasts for its fourth quarter. The digital payments company reported revenue of $6.03 billion, less than the estimated $6.28 billion. Despite seeing a surge in net income to $1.95 billion, adjusted earnings fell short … Read more