StoneCo Q1 Adjusted Earnings, Revenue Increase

MT Newswires Live
Yesterday

StoneCo (STNE) reported Q1 adjusted earnings late Tuesday of 1.97 Brazilian reais ($0.35) per basic share, up from 1.46 reais a year earlier.

Three analysts polled by FactSet expected 1.79 reais.

Revenue for the quarter that ended March 31 was 3.67 billion reais, up from 3.08 billion reais a year earlier.

Analysts surveyed by FactSet expected 3.65 billion reais.

StoneCo shares traded 2.1% lower in after-hours activity.

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