Block Inc. Q2 Profit Falls

(RTTNews) - Block Inc. (XYZ.AX) released earnings for second quarter that Drops, from last year

The company's bottom line totaled $88.517 million, or $0.15 per share. This compares with $538.458 million, or $0.87 per share, last year.

Excluding items, Block Inc. reported adjusted earnings of $619.828 million or $1.02 per share for the period.

The company's revenue for the period rose 9.3% to $6.617 billion from $6.054 billion last year.

Block Inc. earnings at a glance (GAAP) :

-Earnings: $88.517 Mln. vs. $538.458 Mln. last year. -EPS: $0.15 vs. $0.87 last year. -Revenue: $6.617 Bln vs. $6.054 Bln last year.

-Guidance: Next quarter EPS guidance: $ 1.02 Full year EPS guidance: $ 4.02