StoneCo (STNE) Q4 Earnings Beat Estimates, Revenues Rise
STNEStoneCo(STNE) Zacks Investment Research·2024-03-20 02:51

StoneCo’s (STNE) fourth-quarter 2023 non-GAAP earnings of 36 cents per share beat the Zacks Consensus Estimate by 12.5%. In domestic currency, earnings were R1.76pershare,upfrom63centsreportedintheyearagoquarter.Revenuesof1.76 per share, up from 63 cents reported in the year-ago quarter. Revenues of 656 million surpassed the consensus mark by 40%. In domestic currency, revenues increased 20.1% year over year to R$3.24 billion. The upside is primarily driven by an increase in financial services platform revenues, driven by growth in the active client base and enhanced ...