Shares of Square experienced a sharp decline following the release of Block's Q1 financial results, which fell below analysts' expectations. Block reported earnings and revenue figures that missed Wall Street estimates, prompting a negative market reaction. Additionally, the payments company revised its fiscal 2025 guidance downwards. The disappointing performance was highlighted in the post titled "Square Earnings, Revenue, Key Metrics Miss In Q1. Payment Firm Lowers 2025 Guidance."