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7 stories mentioning ASX:XYZ

Every FINWIRES story that references ASX:XYZ, newest first.

Asia

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:XYZ
Asia

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

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

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:XYZ
Asia

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.

ASX 200ASX:MQGASX:XYZ
Asia

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.

ASX:XYZ
Asia

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.

ASX:XYZ
Asia

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.

ASX:XYZ