Payments fintech Block sees Q1 adjusted core earnings above estimates

By Thomson Reuters Feb 22, 2024 | 3:21 PM

(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)