StoneCo Q2 Adj $0.31 Beats $0.29 Estimate, Sales $615.26M Beat $591.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
StoneCo (NASDAQ:STNE) reported Q2 earnings of $0.31 per share, beating the analyst estimate of $0.29 and showing a 63.16% increase from last year. Quarterly sales were $615.26 million, surpassing the $591.81 million estimate and marking a 3.07% increase from the previous year.
August 14, 2024 | 8:34 pm
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StoneCo reported strong Q2 earnings of $0.31 per share, beating estimates and showing significant YoY growth. Sales also exceeded expectations.
StoneCo's earnings and sales both exceeded analyst expectations, indicating strong financial performance. The significant YoY growth in earnings and the beat on sales estimates are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100