Shares of Block (NYSE: SQ) dropped 28.4% last month, according to S&P Global Market Intelligence. Investors soured on the stock after it's quarterly results were released. The stock also struggled with a sell-off in cryptocurrency markets.

Block reported quarterly earnings early in August, and those results were met with mixed reviews. The company modestly outperformed analyst estimates and revised its full-year forecasts higher. Block is targeting international markets to stimulate growth, and it is pulling back on hiring plans to control costs. These factors combined to deliver better-than-expected operating performance.

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Source Fool.com