$XYZ · Schwab Network · 2026-11-04
XYZ在业绩公布后上涨两位数，说话者称业绩好于预期：营收67.2亿美元，超过略高于65亿美元的预期；第三季度总利润增长约22%，但每股收益为1.13美元，低于预期的1.20美元。利润预期增强；Cash App月活跃用户达到6000万，突破了此前5800万至5900万的区间；Square支付量增长14%，高于预期。2026/2027年总利润预计约为126亿美元/超过145亿美元；AI收入将在第四季度体现，但生产率提升仍未得到验证。
逐段跳播
今天早上的 Block。Block 的股价今早大幅上涨。交易代码“XYZ”上涨两位数，得益于其好于预期的季度业绩。每股收益为 1.13 美元。这是一个明显的疏漏。分析师原本预期为 1.20 美元。
Block this morning. Block's stock took off strongly this morning. The trading symbol "XYZ" is rising by double digits thanks to its better-than-expected quarterly results . Earnings came in at $1.13 per share.
This is a strong oversight . Analysts were expecting $1.20.
营收也高于预期，达到 67.2 亿美元。分析师原本预期略高于 65 亿美元。所以，他们在利润和营收两方面都表现出色。
Revenues also came in higher than expected, reaching $6.72 billion. Analysts had been expecting just over $6.5 billion . So, they excelled in both profits and revenues.
第三季度总利润增长了约 22%，而且他们对未来的利润预期更强。CashApp 和 Square 的母公司展现出强劲的业务增长，同时还有实实在在的节省。
Third-quarter total profits rose by about 22%, and they have stronger profit expectations going forward. The parent company of CashApp and Square is demonstrating strong business growth along with real-world savings.
这家公司今年早些时候大幅裁员后，受到了很多审视。记得他们去年二月裁掉了约40%的员工，相当于约4000个岗位。这是他们向人工智能方向进一步转型计划的一部分。
This company came under a lot of scrutiny earlier this year after it made a significant reduction in its workforce. Remember that they cut about 40% of their workforce, which is equivalent to about 4,000 jobs last February.
That was part of their plans to move more towards artificial intelligence.
他们有一个叫“Buzz”的AI智能体平台，正在打造它，并试图把它的工具卖给不同的公司。思路是，他们将取代那里的一些外部软件供应商。首批AI收入预计会在第四季度出现。他们一直在与潜在客户测试这个平台，问题将是：人工智能能否带来人们所期望的生产力提升？
They have an AI agent platform called "Buzz" that they are working on building and trying to sell its tools to different companies. The idea is that they will replace some of the external software vendors there.
The first AI revenues are expected to appear in the fourth quarter. They have been testing this with potential customers, and the question will be: Can artificial intelligence deliver the productivity gains that are expected?
CashApp 有意思的一点是，它的月活跃用户已经达到6000万。这很关键，因为过去几个季度他们一直卡在5800万到5900万的区间。所以，他们实现了突破，你看，当我们看图表时，会看到一根箭头冲出了它通常的区间。
这就是这里超出区间的用户数。所以，你有6000万。
One of the interesting things about CashApp is that it has reached 60 million monthly active users. This is crucial because over the past few quarters they have been stuck in the 58 to 59 million range.
So, they've made a breakthrough, you know when we look at the chart and see an arrow going out of its usual range. This is the number of users who are out of range here. So, you have 60 million.
Block 想从 Cash App 得到的另一点是，他们希望它更像一家金融科技公司那样运作，对吧？而不只是，比如说，你或我使用“Cash App”，Nicole，我们互相转点钱办点事，或者互相支付某样东西的价钱。
他们希望消费者把它当作银行账户来用，对吧？而不只是转账和分摊账单。Square 的支付额也比预期增长了14%。
The other thing that Block wants from Cash App. They want it to operate more like a financial technology company, don't they? More than just, you know, let's say that you or I use "Cash App", Nicole.
We send each other some money for something, or we pay each other the value of something. They want it to be used by consumers much like a bank account, right? Beyond simply sending money and splitting bills.
Square's payout volume also increased by 14% compared to expectations.
哦，对于2026年，他们预计总利润约为126亿，或者略高于这个数。而2027年，他们预计超过145亿，Nicole。
Oh, for 2026, they have projections of total profits of around 12.6 billion, or a little more than that. And in 2027, they expect more than 14.5 billion, Nicole.
是的，而且如你所知，“Cash App”正是 Dan Doleff 很久以前谈到的，当时人们用它来存入支票。因此，他们似乎仍有能力继续发展这部分业务。目前，该股上涨12.5%，这是一个不错的走势。
Yes, and as you know, the "Cash App" was what Dan Doleff talked about a long time ago, where people were depositing their checks using it. Therefore, they still seem to have the ability to continue developing this part of their business.
Currently, the stock is up 12.5 percent, which is a good move.