Block raises full-year profit forecast, shares rise 6% after hours

- **Higher profit forecast:** Block Inc. raised its full-year gross profit forecast to **$12.63 billion**, representing **22%** growth year over year.
- **Shares jump:** Following the announcement, Block shares rose **6%** in after-hours trading, reflecting market confidence in the company's performance.
- **Market impact:** These positive results further cement Block's leading position in fintech and blockchain technology, particularly in Bitcoin-related services.

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Source: The Block