Block shares fall 8% after hours on Q4 profit, revenue miss

Investing.com -- Shares of Block Inc (NYSE: XYZ ) fell about 8% in after-hours trading on Thursday after the payments company's fourth-quarter profit and revenue missed Wall Street estimates.

Block posted earnings per share of $0.71 for the quarter, falling short of analysts' expectations of $0.86.

Revenue came in at $6.03 billion, below the forecast of $6.24 billion.

"For 2025, we expect at least 15% gross profit growth year over year, consistent with the initial outlook we shared in our third quarter shareholder letter, and despite an additional 50 basis points of FX headwinds since that initial outlook was provided," the company said.