BUZZ-Payments firm Block falls after Q4 profit miss

Shares of payments firm Block XYZ.N down ~7% at $77.30 in premarket trading

Co missed Q4 profit estimates as spending growth during holiday season and gains from post-election surge in bitcoin lagged expectations

Despite recent economic data showing signs of resilient consumer spending, uncertainty around Trump's tariff policy and U.S. Federal Reserve's rate cut path have kept sentiment in check

"We think Block's fourth-quarter results came in a bit soft, but we still are encouraged by the recent trajectory of the business and the increased focus on improving profitability," Morningstar analysts say

Average rating by 44 brokerages covering co is "buy"; median PT is $101 - data compiled by LSEG

As of last close, stock has fallen 2.24% YTD