Block reports Q3 revenue up 10% YoY to $6.7B, above est., Cash App gross profit up 27% to $2.07B, raises its full-year profit outlook; XYZ jumps 5%+ after hours

Block's stock price jumped over 5% after hours, indicating a positive market reaction to their financial results.

Block reported Q3 revenue up 10% year-over-year to $6.7 billion and Cash App gross profit up 27% to $2.07 billion, raising its full-year profit outlook. The company's stock, XYZ, jumped over 5% after hours.

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Block has raised its full-year gross profit outlook following a 10% year-over-year increase in Q3 revenue to $6.7 billion. The company's Cash App division saw a 27% rise in gross profit to $2.07 billion. This performance has boosted investor confidence, leading to a post-hours stock increase.