Block (SQ) reported fourth-quarter adjusted earnings per share of $0.45, well below Street expectations of $0.59. Net revenue of $5.77 billion was about in line with estimates. Adjusted EBITDA was $562 million, well above the $447 million estimate. The fintech company also raised its full-year 2024 adjusted EBITDA guidance to $2.63 billion from $2.4 billion. Yahoo Finance's Julie Hyman and Josh Lipton break down the report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
Block (SQ) reported fourth-quarter adjusted earnings per share of $0.45, well below Street expectations of $0.59. Net revenue of $5.77 billion was about in line with estimates. Adjusted EBITDA was $562 million, well above the $447 million estimate. The fintech company also raised its full-year 2024 adjusted EBITDA guidance to $2.63 billion from $2.4 billion.
Yahoo Finance's Julie Hyman and Josh Lipton break down the report.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich
Investor's Business Daily
Square-parent Block on Thursday reported fourth-quarter earnings that missed estimates while revenue beat. First quarter guidance for SQ stock came in well above expectations. Released after the market close, Square earnings for the period ended Dec.
Bloomberg
(Bloomberg) -- Cathie Wood made a wild prediction almost two years ago: Annual economic growth could accelerate to as much as 50%, thanks to breakthroughs in the world of artificial intelligence. Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesStocks Rally as AI Craze Sweeps Across the World: Markets WrapT-Bills Without Tax Bills? This Fund Says It Cracked the CodeAT&T Says Mobile Network Restored as US Starts InvestigationBiden Touts $1.2 Billion in Student Loan
Reuters
(Reuters) -Reddit disclosed on Thursday that its net loss narrowed to $90.8 million and revenue growth was roughly 21% in 2023, as the social media company made its IPO filing public in the run-up to its highly anticipated planned U.S. stock market debut in March. The initial public offering (IPO) filing comes almost two decades after Reddit's launch and will be a major test for the platform that still lags the commercial success of social media contemporaries such as Facebook and Twitter, now known as X. Reddit said it had an average of 73.1 million daily active users and 267.5 million weekly active users in the three months ended Dec. 31, 2023.
Benzinga
Bridgewater Associates is the world's largest hedge fund with over $196 billion in assets under management (as of Sept 30, 2023). While the firm posted a loss in fiscal 2023, its flagship fund All Weather was up 10.6% last year. Ray Dalio, Bridgewater's co-founder and former chief investment officer, has been a long-time believer in portfolio diversification and optimal risk-to-reward ratio usage. "Risk and diversification are of paramount importance, and the fact is that if you diversify well,
Read more --->