The Canadian PressSeptember 3, 2013 18:16
KANSAS CITY, Mo. - H
The company, based in Kansas City, Mo., typically reports an operating loss in the May-July quarter, which follows the peak U.S. tax filing season.
In a conference call with Wall Street analysts on Tuesday, management said the company had asked its regulator over the past 12 months for permission to buy back shares, but has not received approval to do so.
Block's shares slid almost 4 per cent in after-market trading.