Why StoneCo Stock Dropped Today
StoneCo(STNE) The Motley Fool·2024-03-20 07:20
Shares of StoneCo (STNE -6.87%) fell as much as 13.5% early Tuesday, then partly recovered to close down 6.9% after the Brazilian fintech announced mixed quarterly results relative to expectations. It also announced the impending resignation of one of the company founders. On StoneCo's technically mixed quarter Fourth-quarter 2023 revenue grew 20.1% year over year to 3.25 billion Brazilian reals (0.35). Analysts on average were pred ...