block inc Q Shares are trading higher in Thursday’s after-hours session after the company reported it Third Quarter Results that exceeded analysts’ expectations.

Block said that revenue for the third quarter rose 17% year over year to $4.52 billion, which was above average analyst An estimated $4.5 billion Gasoline Pro. Exclusively Bitcoin Bitcoin Revenue, total net sales for the third quarter were $2.75 billion, up 36% year over year.

The payments services company reported adjusted quarterly earnings of 42 cents per share, beating median estimates of 24 cents per share.

Cash App had revenue of $2.68 billion and gross profit of $774 million. Year over year, cash app revenue and gross profit increased 12% and 51%, respectively. Square had sales of $1.77 billion and gross profit of $783 million. Square’s revenue and gross profit grew 27% and 29%, respectively, year over year.

Square ended the quarter with $6.5 billion in cash and cash equivalents.

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SQ Price Action: Block has a 52-week high of $165.20 and a 52-week low of $51.45.

The stock was up 12.7% after the close of business to $60.62 at the time of publication.

Photo: courtesy of Block.