CNBC's MacKenzie Sigalos joins 'Closing Bell' to discuss Block's earnings miss as investors digest a brutal quarterly report and a wave of analyst downgrades centered on Cash App.
Block Inc XYZ shares are tanking on Friday after the company announced on Thursday downbeat first-quarter results.

Why Block Stock Is Crashing Today

01:19pm, Friday, 02'nd May 2025
Shares of Block (XYZ -20.98%) are falling on Friday. The stock dropped 20.7% as of 12:55 p.m.
Shares of Block Inc (NYSE:SQ) plunged more than 20% on Friday after the payments company posted a sharp miss on first-quarter earnings and revenue and cut its full-year profit guidance, raising fresh
XYZ's first-quarter 2025 results suffer from an unfavorable change in consumer spending patterns.
Block's shares fell 22% on Friday, hitting their lowest since November 2023 after the payments firm cut its profit forecast for the year.
Block shares were on track for their second-worst day, plunging more than 20% after a brutal quarterly report and a wave of analyst downgrades. Analysts flagged fresh concerns around stagnant Cash App
U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Friday.
Block, Inc. (NYSE:XYZ ) Q1 2025 Earnings Conference Call May 1, 2025 5:00 PM ET Company Participants Nikhil Dixit - Head of Investor Relations Jack Dorsey - Block Head, Chairman, and Co-Founder of Blo
For a company long hailed as a tech disruptor in financial services, Block's Q1 2025 results present a paradox. One of slowing growth amid a flurry of innovation.
Although the revenue and EPS for Block (XYZ) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street est
Block, Inc. is a Strong Buy stemming from strong subscription & services performance and the likelihood of a bottom in its growth woes. The company is developing a full stack bitcoin mining platform,
Block (XYZ) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.85 per share a year ago.
The parent company of Cash App and Square noticed changes to consumer spending as a result of the macro environment.

What to watch from Block ahead of earnings

05:02pm, Thursday, 01'st May 2025
CNBC's MacKenzie Sigalos joins 'Closing Bell' to discuss Block ahead of earnings.
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