Fintech company Block (SQ) has been trading under a new ticker on the New York Stock Exchange starting Jan. 21: XYZ.
The company, led by Twitter co-founder Jack Dorsey, has had a history of rebranding itself. In December 2021, the company rebranded and changed its name from Square to Block.
- Sector: Technology
- Industry: Software - Infrastructure
- HQ: Oakland, California
- https://www.block.xyz
EARNINGS MISS: XYZ announced quarterly EPS of $0.71, missing expectations by 18.79%.
The financial services company fell short of net revenue ($6.03 billion vs. the $6.28 billion expected) and adjusted earnings ($0.71 vs. the $0.89 expected). The company, led by chairman and CEO Jack Dorsey, managed to beat on adjusted EBITDA, reporting $757 million (vs. the $741.6 million expected).
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