Brazil's StoneCo posts $112 mln net profit in fourth quarter

StoneCo

18/03/2024 20:18

SAO PAULO, March 18 (Reuters) - Brazilian payments firm
StoneCo  STNE.O  reported on Monday a 177% increase in its
fourth-quarter adjusted net profit from a year earlier.
    The firm, which also provides software and banking services,
posted a 563.8 million real ($112.23 million) adjusted net
profit for the quarter ended in December. 
    Analysts polled by LSEG were expecting an adjusted net
profit of 483 million reais for the period.
    

 (Reporting by Andre Romani; Editing by Kylie Madry)
 ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))