Block shares soar as Street lauds strong 2024 forecast, buyback plans

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Block shares soar as Street lauds strong 2024 forecast, buyback plans
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N.S. flood victim surprised by apartment makeover | SaltWire - Block's shares jumped nearly 18% before the bell on Friday and were set to open at their highest since mid-September, rallying on the payments firm's better-than-expected earnings forecast for 2024 and a $1 billion stock buyback plan.

Block said on Thursday it expects adjusted earnings before interest, taxes, depreciation and amortization of $2.4 billion, much higher than analysts' average estimate of $2.08 billion, according to LSEG data.

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