Block (SQ) Surges, while Fortinet (FTNT) Tumbles After Earnings

Block (SQ) surges on earnings beat and announces a buyback program. SQ’s 3Q adjusted EPS came in at $0.55 versus an estimated $0.44 and revenue came in at $5.62B versus an estimated $5.41B. Caroline Woods discusses this along with other payment stocks PayPal (PYPL) and Toast (TOST). She also goes over how Fortinet (FTNT) tumbles on weak guidance. Its 3Q adjusted EPS came in at $0.41 versus $0.37 and revenue came in at $1.33B versus an estimated $1.35B. Tune in to find out more about the stock market today.

Morning Trade Live

03 Nov 2023

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