B · Normal
[Block’s adjusted earnings per share in the third fiscal quarter were $1.13, higher than expected] Block’s adjusted earnings per share in the third fiscal quarter were $1.13, compared with 54 cents in the same period last year, and the market estimate was $1.02; adjusted EBITDA US$1.23 billion, estimated at US$1.2 billion; adjusted net profit of US$697.3 million, US$336.9 million in the same period last year, estimated at US$624.6 million; net revenue of US$6.72 billion, a year-on-year increase of 9.9%, estimated at US$6.59 billion. Block expects adjusted operating profit of US$1.01 billion in the fourth fiscal quarter, compared with market estimates of US$1 billion; gross profit of US$3.32 billion, US$3.31 billion expected; adjusted operating profit margin of 30%. Full fiscal year guidance: gross profit of US$12.63 billion, previously expected to be US$12.51 billion, market estimate of US$12.38 billion; adjusted operating profit of US$3.52 billion, previously expected to be US$3.47 billion, market estimate of US$3.45 billion; adjusted operating profit margin maintained at 28%.
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