ASX-listed shares of Block Inc jumps on upbeat earnings, forecast hike

ASX-listed shares of Block Inc XYZ.AX soars as much as 9.8% to A$127.88, hitting their highest level since February 20

Payments firm reported rise in Q2 income and raised its annual gross profit forecast on Thursday helped by resilient consumer spending

Co sees 2025 gross profit of $10.17 billion, up from the $9.96 billion it forecast earlier

More than 408,600 shares change hand, about 2.0x their 30 day average

YTD, stock down 10.9%, including current session's move

($1 = 1.5344 Australian dollars)