Block Q3 Adjusted EPS of $1.13 Tops Estimates
3 day ago / Read about 0 minute
Author:小编   

Block's Q3 core financial results beat market expectations on multiple fronts. Adjusted EPS came in at $1.13, up from 54 cents a year earlier and above the market estimate of $1.02. Adjusted EBITDA was $1.23 billion, versus an estimated $1.2 billion. Adjusted net income reached $697.3 million, compared with $336.9 million a year earlier and an estimate of $624.6 million. Net revenue was $6.72 billion, up 9.9% year over year and above the estimated $6.59 billion. The company also issued Q4 guidance: adjusted operating income is expected at $1.01 billion, versus the market estimate of $1 billion; gross profit is expected at $3.32 billion, versus the estimated $3.31 billion; and adjusted operating margin is expected at 30%.

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