Block shares were on track for their second-worst ... The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO and Benchmark ...

The first-quarter earnings miss rattled Wall Street ... users' reduced spending," Benchmark wrote in its note, downgrading Block to hold. The financial services company missed across the board ...

Analyst Mark Palmer downgraded the rating from Buy to Hold. Cash App generated gross profits of $1.38 billion, missing Street estimate of $1.42 billion, which contributed to "Block's shortfalls on ...