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Block shares plunge 18% as company takes 'cautious stance,' issues weak guidance for year

Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 56 cents adjusted. That figure may not be comparable to estimates.Revenue: $5.77 billion vs. $6.2 billion expectedRevenue decreased about 3% from $5.96 billion a year earlier. Gross profit rose 9% to $2.29 billion from $2.09 billion a ...

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