Financial services company, Block, the parent company of Square and Cash App, reported Q4 2021 earnings on Thursday (Feb. 24). Prior to the earnings release, estimates were mixed as Block had underperformed the market so far in 2022. The company posted better than expected revenue and adjusted earnings per share. Highlights of the report include a 44.7% rise in Gross Payment Volume compared to Q4 2020, and 29.1% YOY revenue growth.
Square Stock Reverses Up As Earnings Top Estimates Amid Afterpay Acquisition