BUZZ-Block's ASX shares fall to near 5-month low on Q3 profit miss ** ASX-listed shares of payments company Block XYZ.AX fall as much as 15.9% to A$95, their lowest level since June 16
** Co posts Q3 adjusted net income of 54 cents per share, missing analysts' average estimate of 67 cents
** Growth in XYZ's Square segment slowed to 9% from 16% in the year-ago quarter
** Q3 bitcoin business revenue falls to $1.97 billion from $2.43 billion
** Stock worst performer on ASX 200 benchmark index .AXJO
** As of last close, stock was down 19.9% YTD
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments