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Block reports Q3 adjusted EPS 54c, consensus 68c

Reports Q3 revenue $6.11B, consensus $6.31B. “We had another strong quarter delivering for our customers with high quality and high velocity. Square GPV growth accelerated to 12% and we gained profitable market share through product innovation and expanded distribution. Cash App gross profit growth accelerated to 24%, and in September we hit 58 million Cash App monthly actives.1 Proto generated its first revenue, seeding what we believe will become our next major ecosystem. Last quarter, I outlined Cash Apps strategy to become the financial platform for the next generation. This quarter, I want to outline how Square will continue to take market share by being the best platform to help sellers grow, run, and automate their businesses.”

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