PagSeguro Digital Q2 2024 Sales $874.6M Beat $771.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
PagSeguro Digital reported Q2 2024 sales of $874.6M, beating the $771.54M estimate but missing the earnings per share estimate significantly. Sales increased by 13.16% compared to the same period last year.
August 20, 2024 | 8:29 pm
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NEGATIVE IMPACT
PagSeguro Digital's Q2 2024 sales of $874.6M exceeded expectations, showing a 13.16% YoY increase. However, EPS of $0.32 missed the $1.62 estimate significantly.
While PagSeguro Digital's sales exceeded expectations, the significant miss on EPS suggests potential issues with profitability or cost management, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100