Creator Jack Dormy, co -founder, Twitter Chairman, co -founder and CEO of Square Speeds on the stage at the Bitcoin 2021 conference, is a conference of encrypted currencies at the Wynwood Conference Center on June 04, 2021 in Miami, Florida.
Joe Ridel Gety pictures
Block reported the results of the fourth quarter on Thursday, which were less than Wall Street’s expectations. The stock has decreased more than 7 % in extended trading.
Here is how the company did, compared to the estimates of the consensus of the LSEG analysts.
- Arrow’s profits: 71 cents, expected for 87 cents
- profit: 6.03 dollars One billion for 6.29 billion dollars expected
Revenue increased by about 4.5 % from $ 5.77 billion in the previous year.
Block, previously known as Square, recorded $ 2.31 billion in total profit, an increase of 14 % of $ 2.03 billion a year ago. The company, which was early in the provision of sales point systems for smaller companies, is facing increasing competition from the likes Elites and Fiserv Alfalfa unit.
The total payment volume came at 61.95 billion dollars, They won the estimates of analysts of $ 61.3 billion, according to the street account. BLOCK has published modified profits before interest, taxes, depreciation and firefighting (EBITDA) at a value of $ 757 million, with an average estimate of the analyst of $ 740 million.
– Robert Home of CNBC contributed to this report.