Block stock jumps 18% after lower costs, engaged users drive Q3 earnings, outlook

Nov. 04, 2022 11:17 AM ETBlock, Inc. (SQ)By: Liz Kiesche, SA News Editor

Third-Party Payment Apps


Block (NYSE:SQ) stock surged 18% in Friday morning trading after the payment fintech company's progress in cutting costs and engaging its users cheered investors.

The company's gross profit beat the Street estimate on the strength of its Cash App and

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