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Block's first-quarter profit jumps on resilient consumer spending

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Block's first-quarter profit jumps on resilient consumer spending

May 2, 2024 1:42 PM

May 2 (Reuters) - Jack Dorsey-led Block posted a

jump in first-quarter profit on Thursday as the payments firm

benefited from resilient consumer spending and its own cost

cuts.

Adjusted net income rose to $542.9 million, or 85 cents per

share, in the three months ended March 31, from $271.2 million,

or 43 cents per share, a year earlier.

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