By Ben GlickmanBlock lifted its full-year guidance for adjusted earnings after posting a narrower-than-expected third-quarter loss. The San Francisco-based financial services company said it now expects full-year adjusted operating income of $205 million to $225 million, compared with prior guidance of $25 million. Analysts polled by FactSet expected adjusted operating income of $49.2 million. Block also now expects adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, of $1.66 billion to $1.68 billion, compared with prior guidance of $1.5 billion. Analysts polled by FactSet expected adjusted Ebitda of $1.52 billion.

Source: Wall Street Journal November 03, 2023 02:37 UTC