(Reuters) – Jack Dorsey-led Block on Thursday forecast adjusted core earnings for the current quarter above Wall Street estimates as the payments firm bets on continued consumer resilience and its cost-cutting measures.
The company expects adjusted core earnings between $570 million and $590 million for the three months ended March 31, compared with analysts’ average expectation of $511.76 million, according to LSEG data.
(Reporting by Hannah Lang in Washington; Editing by Chris Reese)
