STNE - Why Is Fintech Company StoneCo Stock Trading Lower Today? | Benzinga
StoneCo Ltd. (NASDAQ:STNE) shares are trading lower after it reported first-quarter FY24 results.
Revenue and Income of R$3.08 billion missed the consensus of R$3.09 billion.
Revenue grew 13.8% Y/Y, led by a 16.0% Y/Y increase in financial services revenues, aided by active client base growth and higher monetization from clients in the MSMB (Micro and SMB clients) segment.
Consolidated Total Payment Volume (TPV), including PIX P2M transactions, ...