Analysts stayed broadly bullish after the earnings beat, though Mizuho questioned why costs are rising despite a 40% workforce reduction.
Block shares were trading 5% lower Thursday morning even after the company posted a Q2 earnings beat. Analysts remained broadly bullish on the stock following the results, but Mizuho raised concerns about why spending is increasing despite a 40% workforce cut. The mixed reaction suggests investors are weighing stronger-than-expected earnings against ongoing questions over cost discipline and operating leverage.