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Shares of Block jumped Friday after the financial-services company posted a surprise fourth-quarter profit. Block reported a profit of $178 million, or 28 cents a share, in the fourth quarter, compared with a loss of $114 million, or 18 cents a share, a year earlier. Analysts polled by FactSet expected a per-share loss of 1 cent. Block expects gross profit of at least $8.65 billion in 2024, which would represent growth of 15% from 2023, and adjusted Ebitda, or earnings before interest, tax, depr...
>>> Read more: Block Stock Pops After Surprise Fourth-Quarter Profit
>>> Read more: Block Stock Pops After Surprise Fourth-Quarter Profit
