Block Stock: Here’s Exactly How to Trade It on Earnings

Block Stock: Here’s Exactly How to Trade It on Earnings

Block (SQ) is in focus on Friday: Shares are up 12% after the company reported earnings after the close on Thursday.

Last night, the payment technology company delivered an earnings and revenue beat, pushing shares higher this morning.

paypal (PYPL) stocks didn’t help Block much, even though its payment technology peer also delivered a solid quarter.

That said, the decline in PayPal has softened, perhaps because the bulls are buying the dip in sympathy with Block’s post-profit reaction. At one point, Block was up 18% on Friday.

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