05:02 PM EDT, 05/02/2024 (MT Newswires) -- Block (SQ) reported Q1 adjusted earnings late Thursday of $0.85 per diluted share, up from $0.43 a year earlier.

Analysts surveyed by Capital IQ expected $0.73.

Net revenue for the quarter ended March 31 was $5.96 billion, up from $4.99 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.82 billion.

Shares of the company rose more than 6% in after-hours activity.

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