Block Q4: Blowout Guidance Makes This Fintech A Strong Buy

GOCMEN Block (NYSE:SQ) reported better than expected earnings for its fourth fiscal quarter on Thursday which were driven by continual growth momentum in the Cash App ecosystem and the Fintech submitted a strong guidance for FY 2024 adjusted EBITDA as well. The financial services and digital payments company generated a record amount of gross profits and adjusted EBITDA in the 2023 fiscal year, and with continual growth in its core businesses, I believe Block remains an attractive play in the Fintech sp ...