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Block: Q1 Earnings Snapshot

OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Block, Inc. (XYZ) on Thursday reported a loss of $308.7 million in its first quarter.

On a per-share basis, the Oakland, California-based company said it had a loss of 52 cents. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The mobile payments services provider posted revenue of $6.06 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $6.11 billion.

Block expects full-year earnings to be $3.85 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XYZ at https://www.zacks.com/ap/XYZ

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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