Nu Holdings Q2 EPS $0.0464 Vs $(0.0064) Loss Last Year, Sales $1.87B Beat $1.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nu Holdings (NYSE:NU) reported Q2 earnings of $0.0464 per share, a significant improvement from losses of $(0.0064) per share last year. The company's quarterly sales of $1.87 billion beat the analyst consensus estimate of $1.75 billion by 6.62 percent, marking a 61.31 percent increase over sales of $1.16 billion the same period last year.
August 15, 2023 | 9:21 pm
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Nu Holdings reported strong Q2 earnings and sales, beating analyst estimates. This positive financial performance could potentially boost the company's stock price in the short term.
Nu Holdings reported a significant improvement in its Q2 earnings, moving from a loss to a profit year-over-year. Additionally, the company's sales exceeded analyst estimates by 6.62 percent. This strong financial performance indicates a healthy financial state for the company, which is likely to be positively received by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100