Block Surpasses Wall Street Expectations Riding on Cash App

Block, the financial intermediary for peer-to-peer transactions, reported a gross profit of $1.66 billion in the past year. That represents a 40% increase, soaring beyond the $1.53 billion forecasted by Wall Street. However, the company posted a quarterly net loss of $114 million, translating to 19 cents per share. According to reports, Block, formerly known The post Block Surpasses Wall Street Expectations Riding on Cash App appeared first on Coin Edition .