Block, Inc. faces challenges as rising Cash App loan delinquencies and a disappointing earnings call trigger a significant stock selloff. Gross profit for XYZ is up 18% year-over-year, but net income ...
Analyst Mark Palmer downgraded the rating from Buy to Hold. Cash App generated gross profits of $1.38 billion, missing Street estimate of $1.42 billion, which contributed to "Block's shortfalls on ...
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