Block Shares Sink After Mixed Q3 Results: EPS Beat, Revenues Miss
Block Shares Sink After Mixed Q3 Results: EPS Beat, Revenues Miss
"There was strong performance across Cash App Card, Cash App Borrow and our BNPL platform. Square gross profit grew 16% year over year in the third quarter, in line with our expectations, behind strength in our software and integrated payments and banking products," the company added.Block, Inc. (NYSE:SQ) reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.
Block, Inc.（紐約證券交易所代碼：SQ）在週四收盤後公佈了第三季度業績。以下是報告中的細節。
The Details: Block reported quarterly earnings of 88 cents per share, which beat the analyst consensus estimate of 87 cents. Quarterly revenue came in at $5.97 billion which missed the analyst consensus estimate of $6.24 billion and is an increase over sales of $5.617 billion from the same period last year.
詳情：Block公佈的季度每股收益爲88美分，超過了分析師共識估計的87美分。季度收入爲59.7億美元，未達到分析師共識估計的62.4億美元，比去年同期的56.17億美元銷售額有所增加。
- Square generated a gross profit of $932 million, up 16% year-over-year.
- Cash App generated a gross profit of $1.31 billion, up 21% year-over-year.
- Square創造了9.32億美元的毛利，同比增長16％。
- Cash App創造了13.1億美元的毛利，同比增長21％。
"We outperformed our gross profit and profitability guidance in the third quarter of 2024. Gross profit grew 19% year over
year to $2.25 billion. Cash App continued its strong performance with gross profit growth of 21% year over year, driven primarily by growth in inflows per active and an increase in monetization rate," Block wrote in a letter to shareholders.
“我們在2024年第三季度的表現超過了毛利和盈利預期。毛利同比增長19％
年增長至22.5億美元。Cash App繼續保持強勁的表現，毛利同比增長21％，這主要是由人均活躍流入量的增長和貨幣化率的提高所推動的。” Block在給股東的一封信中寫道。
"There was strong performance across Cash App Card, Cash App Borrow and our BNPL platform. Square gross profit grew 16% year over year in the third quarter, in line with our expectations, behind strength in our software and integrated payments and banking products," the company added.
“Cash App Card、Cash App Borrow和我們的BNPL平台表現強勁。該公司補充說，Square第三季度毛利同比增長16％，符合我們的預期，這要歸因於我們的軟件、綜合支付和銀行產品的強勁表現。
SQ Price Action: According to Benzinga Pro, Block shares are down 7.69% after-hours at $69.25 at the time of publication Thursday.
SQ價格走勢：根據Benzinga Pro的數據，截至週四發佈時，Block股價盤後下跌7.69％，至69.25美元。
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譯文內容由第三人軟體翻譯。
