Matt Frankel, CFP

Block Earnings Show How the Company Is Leaning Into AI As a Catalyst for Its Business

Block (XYZ +8.46%) recently reported its first-quarter earnings, and the numbers were quite strong across the board. Gross profit grew 27% year-over-year, including 38% growth on the Cash App side of the business. The company posted a 25% adjusted operating margin, and customer engagement metrics were extremely strong. In addition, Block raised its full-year guidance…

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