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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Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

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Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

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