Block (SQ) Q4 Earnings Miss Estimates, Revenues Rise Y/Y

Block (SQ) delivered fourth-quarter 2023 adjusted earnings of 45 cents per share, which improved 104.5% year over year. However, the figure missed the Zacks Consensus Estimate by 22.4%.Net revenues of $5.77 billion surpassed the Zacks Consensus Estimate of$5.69 billion. The top line increased 24% from the prior-year quarter.Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.91 billion to net revenues for the reported quarter, up 31% year over yea ...