Brazil's StoneCo climbs after Q3 profit beat

StoneCo

13/11/2023 17:42

** Shares of Brazilian financial tech firm StoneCo  STNE.O 
climb ~12.55% to $12.07
    ** After market close on Friday, co reported Q3 adj net
profit of 435 mln reais ($88.55 mln) vs analysts' expectation of
362.7 mln reais ($73.83 mln) - LSEG data
    ** Q3 rev jumped 25.2% to 3.1 bln reais ($631.04 mln) on the
back of growth in active client base in its financial services
segment
    ** Q3 total payment volume (TPV) rose 11.3% to 103.9 bln
reais ($21.15 bln)
    ** Up to last close, STNE stock up 13.6% YTD
    
($1 = 4.9125 reais)

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))