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Block stock sinks after third quarter results miss estimates

Block stock sinks after third quarter results miss estimates

Block shares fell 10% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service. Here is how the company did compared with LSEG estimates: Earnings per share: 54 cents adjusted vs. 67 cents expected Revenue: $6.11 billion vs. $6.31 billion expected The Jack Dorsey-founded firm’s shares…

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Archer stock tanks 12% after share sale, LA-area airport purchase

Archer stock tanks 12% after share sale, LA-area airport purchase

Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne…

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Trump budget cuts, agency gutting, leave U.S. more exposed to hacking

Trump budget cuts, agency gutting, leave U.S. more exposed to hacking

Almost a year into the second Trump administration, public sector leaders and cybersecurity experts say budget cuts and gutting of federal agencies are weakening critical lines of government communication to help companies prepare and respond to cyberattacks, even as AI threats are rising. The most recent assessment of cybersecurity, based on the goals set forward…

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