Block reported third-quarter revenue of $6.72 billion and adjusted earnings of $1.13 per share, both exceeding analyst expectations. Gross profit rose 22% to $3.24 billion, driven by strong growth in Cash App and Square merchant services, while Bitcoin ecosystem profit fell 50% due to lower transaction fees. Cash App's monthly active users reached 60 million, with consumer lending volume up 40% year-over-year. For full-year 2026, Block raised its adjusted earnings forecast to $4.15 per share and gross profit outlook to $12.626 billion, expecting continued growth despite challenges in its Bitcoin segment.
Block's updated 2026 guidance follows a Bitcoin ecosystem gross profit drop of 50%. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 04, 2026 13:21 WIB: out of 50 priced major cryptocurrencies, 40 rose and 9 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37, BAL (Balancer) up 11.14% at Rp16.297, and EOS (EOS.IO) up 8.13% at Rp12.649.
dsm-firmenich announced a strong Q3 2026 trading update with 5% like-for-like sales growth and an improved Adjusted EBITDA margin of 20.4%. The company’s performance was driven by volume growth across its three business units: Perfumery & Beauty, Tas...
STMicroelectronics announced a unified STM32 microcontroller platform that spans industrial, automotive, and robotics applications, enabling developers to reuse architectures, software, and tools across these sectors. The new STM32A family extends th...
Solvay's Q3 2026 underlying net sales fell 3.3% organically to €1,031 million, impacted by the Middle East conflict and weak soda ash markets. EBITDA dropped 26.6% organically to €173 million, partly due to a €25 million impact from the conflict and ...
Milestone Pharmaceuticals announced the grant of 33,000 stock options to a newly hired employee as an inducement under Nasdaq Listing Rule 5635(c)(4). The options, priced at $0.72 each, will vest over four years with a one-year cliff and monthly inst...
The NXG Cushing Midstream Energy Fund (SRV) is rated a Sell for new 5-year investments because of its high expenses and leverage. Although it offers a 15.1% cash yield, this payout is unsustainable since recurring cash flow only covers about 31% of d...
