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Block reports quarterly profit on resilient spending

BY Reuters | ECONOMIC | 11/07/24 04:09 PM EST

Nov 7 (Reuters) - Payments firm Block reported a third-quarter profit on Thursday as economic stability encouraged customers to ramp up their spending.

The company's net income attributable to its common stockholders was $283.8 million, or 45 cents per share, in the three months ended Sept. 30, compared to a loss of $88.7 million, or 15 cents per share, a year earlier. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Maju Samuel)

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