Block Shares Are Soaring After Earnings Beat. What Wall Street Is Saying.

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Block shares got a boost in Friday’s trading as Wall Street was encouraged by the payments company’s better-than-expected third quarter results and its commitment to rein in spending.

Shares were up more than 15% in midday trading, which was a welcome sight as Block (ticker: SQ) shares had been down by more than 60% this year.

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