Blog

Infographic: Highlights of Block’s (SQ) Q2 2022 earnings report – AlphaStreet

Posted on by A Felton

News . Data . Research
Categories AlphaGraphs, Earnings, Finance
Block, Inc. (NYSE: SQ), previously known as Square, Thursday reported a sharp decline in second-quarter adjusted earnings, hurt by continued weakness in top-line performance.
Block Q2 2022 earnings infographic
Second-quarter earnings, adjusted for one-off items, dropped to $0.18 per share from $0.49 per share in the corresponding quarter of last year. On an unadjusted basis, the company reported a net loss of $208 million or $0.36 per share for the most recent quarter, compared to a profit of $204 million or $0.40 per share in the prior-year period.
Total revenues decreased 6% year-over-year to $4.40 billion. At $52.5 billion, gross payments volume was up 23% compared to the second quarter of 2021.
Check this space to read management/analysts’ comments on Block’s Q2 results
Shares of Block closed Thursday’s session higher but declined in after-hours trading following the earnings announcement.
_________________________________________________________________________________________________________________
Stocks you may like:
Bank of America (BAC) Stock
Wells Fargo (WFC) Stock
JPMorgan Chase (JPM) Stock
Citigroup (C) Stock
Goldman Sachs (GS) Stock
Morgan Stanley (MS) Stock
_________________________________________________________________________________________________________________
Beyond Meat, Inc. (NASDAQ: BYND) on Thursday reported a wider loss for the second quarter of 2022 amid a decrease in sales. The results also missed Wall Street’s projection. The
Shares of Alibaba Group Holding Ltd. (NYSE: BABA) were up over 2% on Thursday. The stock gained as much as 5% after the company delivered better-than-expected results for the first
Eli Lilly and Company (NYSE: LLY) reported second quarter 2022 earnings results today. Worldwide revenue decreased 4% to $6.49 billion compared to the same period a year ago. GAAP net income
© 2020 AlphaStreet Inc. All Rights Reserved
[email protected]
44053 Fremont Blvd,
Fremont, CA 94538

source