By Denny JacobFinancial services company Block reported a narrower loss and better-than-expected revenue in the latest quarter. Adjusted earnings were 39 cents a share, above analysts' estimates of 36 cents. Revenue climbed to $5.53 billion from $4.4 billion. Transaction-based revenue rose 11% year over year to $1.64 billion in the quarter, while subscription and services-based revenue soared 33% from a year earlier to $1.46 billion. Write to Denny Jacob at denny.jacob@wsj.com(END) Dow Jones NewswiresAugust 03, 2023 16:55 ET (20:55 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal August 04, 2023 03:05 UTC