Block Q3 adjusted EPS $1.13 beats estimate, sales beat; raises FY guidance, warns DOJ settlement may be larger than expected

Block reported Q3 adjusted EPS of $1.13, beating the $1.03 estimate, on revenue of $6.72B that beat the $6.59B estimate, with gross profit of $3.2B. The company guided Q4 adjusted EPS of $1.15 and raised its FY adjusted EPS guidance above estimates, while warning that a potential DOJ settlement could be larger than expected.

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