Nu Holdings (NU) reported Q1 earnings late Thursday of $0.18 per diluted share, up from $0.11 a year earlier.

Revenue for the three months ended March 31 was $4.97 billion, up from $3.25 billion a year earlier.

Analysts surveyed by FactSet expected $5.06 billion.

The company's shares were down 4.5% in premarket activity Friday.