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Block lifts profit outlook on Cash App strength, reaches preliminary DOJ settlement

Nov 3 (Reuters) - ⁠Block on Tuesday raised its full-year gross profit outlook after strength in its Cash App ⁠unit lifted the firm's quarterly earnings, while also reaching a preliminary settlement with the US Department ‌of Justice over its anti-money laundering program.

The Star MalaysiaRishab Shaju, Prakhar Srivastava查看原文 ↗
由于 Cash App 表现强劲,Block 上调了盈利预期,并已与美国司法部达成初步和解协议。

Block logo is seen in this illustration taken, August 3, 2026. REUTERS/Dado Ruvic/Illustration

Nov 3 (Reuters) - ⁠Block on Tuesday raised its full-year gross profit outlook after strength in its Cash App ⁠unit lifted the firm's quarterly earnings, while also reaching a preliminary settlement with the US Department ‌of Justice over its anti-money laundering program.

Shares of the Jack Dorsey-led company rose 7% in extended trading.

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