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Block Beats Q2 Estimates but Bitcoin Revenues Fall
d625Fintech and digital payments giant Block, formerly Square, reported second-quarter results that beat analysts' average estimates, but its bitcoin-related revenue fell. Total revenue for the quarter was $4.4 billion, compared with the $4.3 billion that analysts were expecting on average according to FactSet. Revenue fell 6.6% from the second quarter a year ago, driven by a decrease in bitcoin revenue, the company said. Excluding bitcoin, net revenue was $2.62 billion. Adjusted earnings pe...
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