AI × CryptoBullishBlockonomi · May 86/10
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Block Inc Shares Up 8% Following Q1 Earnings Beat
Block Inc's stock surged 8% after-hours following a Q1 earnings beat, reporting $0.85 EPS versus $0.68 consensus. However, the company posted its first quarterly net loss since 2023 at $309 million, partly attributed to a 23.8% decline in Bitcoin prices during the period.
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