Categories Earnings, Finance

StoneCo (NASDAQ: STNE): Q3 2019 Earnings Snapshot

— StoneCo (NASDAQ: STNE) reported adjusted net income of R$202 million for the third quarter of 2019, up 126% from the year-ago period.

— Net income, on an unadjusted basis, more than doubled to R$193.1 million

— Total revenue and income climbed 62% annually to R$671.1 million; total payment volume was R$ 32.6 billion, up 50% year-over-year

— Reached a total base of 428,900 active clients and continued the roll-out of new software, credit and banking solutions

— On track to launch an integrated financial platform in the first quarter of 2020

— Expects previously-announced partnership with Globo to be operational in 1Q20, pending antitrust approval

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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