Block Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Block, Inc. (NYSE:XYZ) will release earnings results for the second quarter, after the closing bell on Thursday, Aug. 7.

Analysts expect the Oakland, California-based company to report quarterly earnings at 68 cents per share, down from 93 cents per share in the year-ago period. Block projects to report quarterly revenue at $6.29 billion, compared to $6.16 billion a year earlier, according to data from Benzinga Pro.

On May 1, Block reported worse-than-expected first-quarter financial results.

Block shares rose 1.1% to close at $76.13 on Wednesday.

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