Block Gains on its Cash App and Afterpay Segment Blowouts

Fintech giant Block Inc. delivered a solid Q1 2024 earnings report that caused shares to gap 8.5% before profit-taking set in. The action mirrored the reaction to its business services sector competitor PayPal Holdings Inc.'s results. However, unlike PayPal, Block shares were able to rally in the day following, while PayPal shares continued to sink lower. The difference lies…

This story appeared on, .
The Entire Business World on a Single Page. Free to Use →