ASX:XYZ

ASX 200ASX:BNZASX:BPTASX:DYLASX:EQRASX:IPXASX:MP1ASX:SLXASX:TEAASX:WBTASX:XYZ

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.Silex Systems (ASX:SLX): -7%, AU$4.74Weebit Nano (ASX:WBT): -4%, AU$4.29Benz Mining (ASX:BNZ): -4%, AU$3.88EQ Resources (ASX:EQR): -4%, AU$0.32Deep Yellow (ASX:DYL): -4%, AU$1.36Tasmea (ASX:TEA): -3%, AU$8.60Beach Energy (ASX:BPT): -3%, AU$0.86Megaport (ASX:MP1): -3%, AU$18.90Block (ASX:XYZ): -3%, AU$117.23IperionX (ASX:IPX): -3%, AU$3.32

Update: Block Q2 Adjusted Earnings, Total Net Revenue Up; Shares Fall 3%

(Updates to add stock movement in the headline and the last paragraph)Block (ASX:XYZ) logged $1.02 in adjusted EPS for the second quarter, compared with $0.62 a year ago, a Thursday filing showed.Analysts polled by FactSet expected earnings of $0.87.For the three months ended June 30, total net revenue was $6.62 billion versus $6.05 billion previously, the Australia-listed global technology and financial services company added.Analysts surveyed by FactSet expected $6.47 billion.The company raised its 2026 guidance, now expecting gross profit of $12.51 billion, up 21% year over year.It also forecasts adjusted operating income of $3.47 billion with a 28% margin, up 67% year over year, and adjusted EPS of $4.02, representing 70% year-over-year growth.Analysts polled by FactSet expect 2026 earnings of $3.9.The company's shares fell around 3% in recent Thursday trade.

ASX Preview: Australian Shares to Fall as US Inflation Concerns Fuel Rate Hike Fears; Block Q2 Adjusted Earnings, Total Net Revenue Up

Australian shares are poised to fall on Thursday as renewed concerns over US inflation and the prospect of higher interest rates weighed on investor sentiment after Federal Reserve Governor Lisa Cook signaled the central bank may need to tighten policy further if price pressures fail to ease.Overnight, the S&P 500 and the Nasdaq Composite fell 0.2% and 0.8%, respectively, while the Dow Jones Industrial Average gained 0.5%.In the macroeconomy, Australia's building approvals and international trade in goods data are due at 11:30 am Sydney time.In corporate news, Block (ASX:XYZ) reported Thursday second quarter adjusted earnings of $1.02 per share on total net revenue of $6.62 billion, compared with adjusted earnings of $0.62 on total net revenue of $6.05 billion a year earlier.AMP (ASX:AMP) reported Thursday first-half underlying earnings of AU$0.069 per share on revenue of AU$1.43 billion, compared with underlying earnings of AU$0.052 on revenue of AU$1.38 billion a year earlier.Australia's benchmark index rose 0.9%, or 82 points, to close at 9,227.80 on Wednesday.

ASX 200ASX:AMPASX:XYZ

Block Q2 Adjusted Earnings, Total Net Revenue Up

Block (ASX:XYZ) logged $1.02 in adjusted EPS for the second quarter, compared with $0.62 a year ago, a Thursday filing showed.Analysts polled by FactSet expected earnings of $0.87.For the three months ended June 30, total net revenue was $6.62 billion versus $6.05 billion previously, the Australia-listed global technology and financial services company added.Analysts surveyed by FactSet expected $6.47 billion.The company raised its 2026 guidance, now expecting gross profit of $12.51 billion, up 21% year over year.It also forecasts adjusted operating income of $3.47 billion with a 28% margin, up 67% year over year, and adjusted EPS of $4.02, representing 70% year-over-year growth.Analysts polled by FactSet expect 2026 earnings of $3.9.

Asia110d ago

Block Says Certain Minerals in Hardware Products May Have Originated From DRC, Adjoining Countries

Block (ASX:XYZ) determined that certain minerals in its hardware products may have originated in the Democratic Republic of the Congo (DRC) and/or any of its adjoining countries, and therefore exercised due diligence on the source and chain of custody of the minerals, according to a Wednesday Australian bourse filing.It made an initial determination that these products contain components with metallic forms of tin, tungsten, tantalum, and/or gold minerals, derived from columbite-tantalite, cassiterite, gold, wolframite, collectively referred to in the filing as "conflict minerals."Its primary hardware products include its magstripe reader, contactless and chip reader, Square Stand, Square Register, Square Terminal, Bitkey, and Proto Rig, which are manufactured by third parties.It then conducted a "Reasonable Country of Origin Inquiry." The firm asked its direct suppliers, representing its contract manufacturers during the applicable period, to respond to the "Conflict Minerals Reporting Template," a standardized reporting template developed by the Responsible Minerals Initiative.According to the responses, some of the minerals used in its products might not have been exclusively sourced from scrap or recycled material, and may have originated in the Democratic Republic of the Congo and/or any of its adjoining countries.

ASX 200ASX:APAASX:GMGASX:IAGASX:MEZASX:ORGASX:QBEASX:TLSASX:WTCASX:XROASX:XYZ

Asia115d ago

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses.Insurance Australia Group (ASX:IAG): -4%, AU$7.82Block (ASX:XYZ): -3%, AU$96.49Xero (ASX:XRO): -2%, AU$74.65Wisetech Global (ASX:WTC): -1%, AU$37.11Goodman Group (ASX:GMG): -1%, AU$30.44Origin Energy (ASX:ORG): -1%, AU$10.95Telstra Group (ASX:TLS): -1%, AU$5.39APA Group (ASX:APA): -1%, AU$10.20QBE Insurance Group (ASX:QBE): -1%, AU$23.65Meridian Energy (ASX:MEZ): -1%, AU$4.81

Update: Block Posts Higher Q1 Adjusted Earnings, Revenue; Shares Up 6%

(Updates to add stock movement in the headline and last paragraph)Block (ASX:XYZ) reported Friday first quarter adjusted earnings of $0.85 per share, up from $0.56 a year earlier.Analysts polled by FactSet expected earnings of $0.68.Revenue for the three months ended March 31 was $6.06 billion, compared with $5.77 billion a year earlier.Analysts surveyed by FactSet expected $6.04 billion.The company expects to deliver 62% year-over-year growth in adjusted earnings to $3.85 in 2026, alongside an 19% increase in gross profit to $12.33 billion, and a 27% rise in adjusted operating income to $3.34 billion.Analysts polled by FactSet expect earnings of $3.67.The company's shares rose 6% in recent Friday trade.

ASX Preview: Australian Shares Set to Fall on Ceasefire Uncertainty; Macquarie Group Posts Higher Fiscal 2026 Earnings, Revenue

Australian shares are poised to fall on Friday as renewed uncertainty over a fragile Gulf ceasefire and sharp swings in oil prices tied to US-Iran negotiations weigh on global market sentiment and energy-related risk appetite.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.4%, 0.1%, and 0.6%, respectively.In the macroeconomy, investors are eyeing the Westpac consumer confidence and NAB business confidence reports next week.In corporate news, Macquarie Group (ASX:MQG) reported Friday fiscal 2026 earnings of AU$12.669 per share on revenue of AU$19.48 billion, compared with earnings of AU$9.755 on revenue of AU$17.21 billion a year earlier.Block (ASX:XYZ) reported Friday first quarter adjusted earnings of $0.85 per share on revenue of $6.06 billion, compared with adjusted earnings of $0.56 on revenue of $5.77 billion a year earlier.Australia's benchmark index rose around 1% or 84.5 points to close at 8,878.10 on Thursday.

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Block Shareholder Proposes Creation of Dedicated Board-Level Technology Committee

Block (ASX:XYZ) shareholder the New York State Common Retirement Fund has filed a proposal to establish a dedicated board-level technology committee, arguing that the company's current technology oversight is "woefully inadequate," according to a Friday filing with the Australian bourse.The retirement fund said a specialized technology committee would help relieve an overwhelmed three-member audit and risk committee that, among other duties, is tasked with direct oversight of the audit and risk functions of Square Financial Services, an industrial bank owned by Block.This "creates a substantial, recurring compliance burden entirely separate from the committee's oversight of the parent company's technology risk and enterprise cybersecurity," the shareholder said.Block's lack of a dedicated technology committee has exposed shareholders "to recurring compliance and cybersecurity risks," the retirement fund said, adding that the board has existing capacity, as four directors currently don't serve on any committees.The proposal will be put to a vote at an annual meeting scheduled for June 16.Block did not immediately respond to a request for comment from.

Block Posts Higher Q1 Adjusted Earnings, Revenue

Block (ASX:XYZ) reported Friday first quarter adjusted earnings of $0.85 per share, up from $0.56 a year earlier.Analysts polled by FactSet expected earnings of $0.68.Revenue for the three months ended March 31, was $6.06 billion, compared with $5.77 billion a year earlier.Analysts surveyed by FactSet expected $6.04 billion.The company expects to deliver 62% year-over-year growth in adjusted earnings to $3.85 in 2026, alongside an 19% increase in gross profit to $12.33 billion, and a 27% rise in adjusted operating income to $3.34 billion.Analysts polled by FactSet expect earnings of $3.67.

Asia132d ago

Block Appoints Chief Accounting Officer

Block (ASX:XYZ) appointed Andrea Acosta as chief accounting officer, effective May 26, according to a Tuesday filing with the Australian bourse.Acosta will succeed Amrita Ahuja, who will remain as the company's chief financial officer and chief operating officer, the filing said.Acosta previously held the position of chief accounting officer at Pinterest, the filing added.