Shares of Block (NYSE:SQ) slid in after-hours trading after the company reported earnings for its second quarter of Fiscal Year 2023. Earnings per share came in at $0.39, which beat analysts’ consensus estimate of $0.36 per share.
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Sales increased by 25.4% year-over-year, with revenue hitting $5.53 billion. This beat analysts’ expectations by $430 million.
Overall, Wall Street has a consensus price target of $86.38 on SQ stock, implying 17.44% upside potential, as indicated by the graphic above.