SQ Stock Recent News
SQ LATEST HEADLINES
Block's executives are focused on cost-cutting. The addressable market opportunities for Square and Cash App are enormous.
Block is getting back to its two core businesses with a focus on design and innovation. It has reduced its employee headcount to below 12,000 and is committed to that cap.
The ambitious fintech recently posted its fourth quarter and full-year 2023 results. Management also offered guidance that came in above the analyst consensus.
Block SQ , formerly Square, has endured a challenging two years as the stock has cratered nearly -70% from its late-2021 high. Although the selloff was a major talking point among Wall Street analysts and traders for some time, the stock has seemingly fallen out of the spotlight.
Three companies emerge as trailblazers in the finance and tech sectors, shaping their industries and the future. These companies stand at the edge and may influence the next decade of growth.
Block has struggled with rising expenses and falling earnings over the past several years. The company saw gross profits and margins improve in the fourth quarter as it implemented its cost-cutting plans.
Square stock bulls focus on its merchant, Cash App and Afterpay synergies. Management touts Cash App banking services as a key growth driver.
Having traded mostly sideways since January, Block, Inc. NYSE: SQ shares are again on the move. They'd performed strongly all through the final two months of last year when, like with almost all equities, they took off on the back of cooling inflation data and hopes of an imminent rate cut.
Having traded mostly sideways since January, Block, Inc. NYSE: SQ shares are again on the move. They'd performed strongly all through the final two months of last year when, like with almost all equities, they took off on the back of cooling inflation data and hopes of an imminent rate cut.
Block is trying to move back toward its core businesses of useful and well-designed financial products. It's cutting costs and moving toward profitability.