BOSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against Lilium N.V. (NASDAQ: LILM, LILMW; OTC: LILMF) and certain of its executives. Investors who have lost money in their Lilium N.V. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/lilmf. What is this all about? Lilium N.V. and certain executives have been sued for securities fraud, alleging th ...

H&R Block will pay $7 million and change some of its practices under a proposed settlement that would resolve a Federal Trade Commission (FTC) lawsuit alleging that the company made deceptive claims about "free" tax filing. The FTC filed an administrative lawsuit against H&R Block in February, charging that the company advertised its online tax filing products as "free" even though many consumers could not file for free, the regulator said in a Tuesday (Nov. 12) press release. The lawsuit also charged that ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What ar ...

H&R Block (NYSE: HRB ) just reported their normal uneventful Q1, and shares declined 6.5%, now giving up most of the gains since reporting their big FY24 and guiding FY25 well above consensus. Individual investor and family office principal with over 20 years of investment experience. I favor fundamental analysis and look for individual issues and asset classes that are out of favor and represent a good risk/reward trade off. I often employ options strategies, covered calls on companies I own that have gott ...

Investment Strategy - HODL strategy is unlikely to generate significant alpha or maintain a high Sharpe ratio over the long term [1] - Active management and minimizing opportunity costs are essential for seeking alpha [1] - High positive returns do not necessarily equate to generating high alpha [1] Analyst Background - The analyst specializes in fundamental equity research, global macro strategy, and top-down portfolio construction [1] - The analyst holds a degree in Business Economics from UCLA and a Master of Accounting from UMich Ross School of Business [1] - The analyst is a senior analyst at a multi-strategy hedge fund [1] Disclosure - The analyst has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the analyst's own opinions and is not compensated by any company mentioned [2] - Seeking Alpha's disclosure states that past performance is no guarantee of future results and no investment advice is being given [3] - Seeking Alpha analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified [3]

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.During the crypto-crazed summer of 2021, when memecoins like dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorsey announced that his payments company was starting a new business unit, with the goal of "making it easy to create non-custodial, permissionless, and decentralized financial services.""Our primary focus is #Bitcoin," Dorsey ...

Core Insights - Block (SQ) reported third-quarter 2024 adjusted earnings of 88 cents per share, a 76% increase year over year, aligning with the Zacks Consensus Estimate [1] - Net revenues reached $5.98 billion, missing the consensus mark by 3.9%, but showing a 6.4% year-over-year increase [2] - The company provided positive guidance for fourth-quarter 2024 and increased its 2024 guidance for adjusted EBITDA and operating income, indicating potential recovery for SQ shares [3] Financial Performance - Transaction revenues accounted for 28.7% of net revenues, totaling $1.71 billion, up 3.2% year over year, with the Square ecosystem contributing $1.61 billion, a 7% increase [4] - Subscription and Services revenues made up 30.1% of net revenues, amounting to $1.8 billion, reflecting a 20.4% year-over-year growth [5] - Hardware revenues fell 14.1% year over year to $36.4 million, while Bitcoin revenues inched up 0.2% to $2.43 billion [6] Operating Metrics - Gross profit grew 19% year over year to $2.25 billion, with Square generating $932 million and Cash App generating $1.31 billion in gross profit [7] - Adjusted EBITDA reached $807 million, a 69% increase year over year, while operating expenses rose 1% to $1.46 billion [7] - Adjusted operating income was $444 million, with an operating margin of 20%, compared to $90 million in the same quarter last year [8] Balance Sheet and Shareholder Actions - As of September 30, 2024, cash and cash equivalents stood at $9.9 billion, up from $7.8 billion as of June 30, 2024 [9] - Long-term debt remained unchanged at $5.1 billion, and the company repurchased 5.3 million shares for $346 million during the quarter [9] Future Guidance - For the fourth quarter of 2024, Block expects gross profit of $2.31 billion, indicating a 14% year-over-year growth, with adjusted EBITDA anticipated at $725 million [10] - The 2024 guidance for adjusted EBITDA has been increased from $2.90 billion to $3 billion, with an expected adjusted EBITDA margin of 34% [11] - Operating income guidance for 2024 has been revised from $1.44 billion to $1.56 billion, with an expected operating margin of 18% [11]

H&R Block, Inc. (HRB) reported impressive first-quarter fiscal 2025 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Adjusted loss came in at $1.17 per share, narrower than the Zacks Consensus Estimate of a loss of $1.21 per share. Loss declined 11.4% year over year. Revenues of $193.8 million beat the consensus estimate by 2.7% and gained 5.5% on a year-over-year basis. Other Quarterly Numbers Reven ...

The stock has been underperforming, but the company is becoming more profitable. In this video, I will go over Block's (SQ -4.40%) second-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Nov. 8, 2024. The video was published on Nov. 8, 2024. ...

Block (NYSE: SQ ) reported results for its third fiscal quarter that met on earnings, but missed on revenues. Generally, however, Block saw decent Cash App strength and double-digit growth year-over-year in Cash App Card users. The Fintech benefited from continual gross profit momentum Analyst's Disclosure: I/we have a beneficial long position in the shares of SQ, PYPL, SOFI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not ...