XYZ Stock: Block's Q3 Miss and What It Means

Block's Q3 Earnings: Another Missed Opportunity or Just Another Miss?

Block's Earnings: A Predictable Disaster?

Okay, so Block (XYZ) missed earnings again. Shocker. The stock's down 13%. Anyone surprised? Anyone? Didn't think so. They're blaming "increased expenses." Oh, increased expenses? Give me a break. What company doesn't have increased expenses? It's called inflation, genius.

They managed $6.11 billion in revenue against an expected $6.31 billion. That's a miss. A big one. And earnings per share? $0.54 when everyone was expecting $0.64? Someone needs to explain how they managed to screw that up.

And then the corporate doublespeak starts. "Gross payment volume beat consensus!" "Gross profit exceeded forecasts!" Okay, great. You juggled the numbers around to find something to brag about. Meanwhile, the actual earnings are in the toilet. It's like they're trying to distract us with shiny objects while the house is burning down.

Speaking of burning down, remember when everyone was hyped about crypto? Seemed like Block was betting the farm on that whole thing. Now? Crickets. What happened to all those promises of a crypto revolution? Did Dorsey finally realize it was all a pipe dream? I mean, I’ve been saying it for years.

Cash App: The Only Thing Keeping Them Afloat?

Apparently, Cash App is the only thing keeping Block from completely imploding. $1.62 billion in profit, up 24% year-over-year. Good for them. But let's be real, Cash App is basically just Venmo with a slightly different UI, right? Is that really the future of finance? A slightly different way to send your friends money for pizza? I'm not convinced.

They're also touting their "strong growth" in the Buy Now, Pay Later space. Buy Now, Pay Later? So, debt. They're bragging about getting people into debt. That's... something. What's next, celebrating predatory lending practices?

And what's with the Investor Relations website? I tried to check out the official results myself, but I got blocked. Literally. "Access Denied." They think I'm using automation tools? Maybe they just don't want anyone digging too deep into their financial shenanigans. Or maybe their website is just garbage. Could be either, honestly. According to Access to this page has been denied., I wasn't the only one who had trouble accessing the site.

But wait, the analysts are still giving them a "Moderate Buy" rating? With an average price target of $89.60? Are these people living in the same reality as the rest of us? 25 "Buy" recommendations? Seriously? I'm starting to think Wall Street is just one big echo chamber of delusion. Then again, maybe I'm the crazy one here.

Like, are they really expecting a 26% upside? What am I missing?

So, What's the Real Story Here?

This is just another tech company trying to sell us a dream. A dream of financial revolution, of crypto riches, of easy payments and debt made simple. But behind the buzzwords and the slick marketing, it's the same old story: missed expectations, inflated valuations, and a whole lot of hype. I'm not buying it.