via Cointelegraph · By Cointelegraph Staff
Block Shares Jump on Strong Quarter Despite Bitcoin Dip
BTC/USDT
$29,813,038,496.90
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
+0.0001%
Longs pay
Jack Dorsey’s payments firm Block rose 7.9% in after-hours trading as its Q1 earnings surpassed analyst estimates, despite posting its first loss in three years.
Block’s Q1 earnings came in at 85 cents per share, beating the Zacks consensus estimate of 68 cents per share. Investors responded positively, driving Block shares to $75.70 after hours, Google Finance data shows.
“This quarterly report…
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