Block's Revenue Misses Estimates
This is a news story, published by Yahoo Finance, that relates primarily to Block news.
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•Block's stock tanks after revenue miss
85% Informative
Block's third quarter revenue was $5.98 billion , lower than analysts' projections of $6.24 billion .
The payment company also reported $2.25 billion in gross profit for the quarter ending September 30 .
Net income was $283 billion , up from a loss of $88.7 billion the prior year .
Block's Cash App transfer app, which supports payments for Block 's consumer and merchant customers, reported $1.31 billion .
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