Block ($SQ@US) rose 8 percent in after-hours trading after the payments company reported posted strong growth profit for the fourth quarter, despite missing earnings expectations. Revenue was $4.65 billion versus the $4.61 billion expected, and earnings per share were 22 cents versus the 30 cents expected. Block posted $1.66 billion in gross profit, up 40 percent from a year ago, beating Wall Street expectations of $1.53 billion. Block, formerly known as Square, ended the year with 51 million monthly transacting actives for Cash App in December. The company said its Cash App Card generated more than $750 million in gross profits in 2022, up 56 percent from the same period a year earlier.