Block shares rise over 14% in 4 days... Q3 revenue exceeds expectations

Block Inc. ($XYZ) shares jumped as much as 15.66% intraday to $87.90 on November 4 after the payments company reported third-quarter revenue of $6.719 billion, up 9.9% year-over-year from $6.115 billion and ahead of the $6.58 billion Invezz consensus estimate. The stock had closed the prior session at $76. Block also published annual guidance alongside the quarterly shareholder letter filed with the SEC. The beat matters as a signal on consumer spending and the profitability of Block's bitcoin-related businesses, including Cash App and its mining hardware unit. Investors will watch whether the gains hold through the close and how the market digests the full-year outlook.