— StoneCo (NASDAQ: STNE) reported fourth quarter 2019 adjusted earnings of BRL 275 million, which was up 76% from BRL 155.9 million in the fourth quarter of 2018.
— Total revenue and income rose 48% year-over-year to BRL 782.9 million.
— On a reported basis, net income was BRL 264 million in 4Q19, compared to BRL 127.1 million in 4Q18.
— Revenue from Transaction Activities and Other Services increased 32% to BRL 230.3 million and revenue from Subscription Services and Equipment Rental grew 32% to BRL 916 million in the fourth quarter of 2019.
— Total payment volume increased 51% to BRL 40.2 million.
— Active clients rose 84% to 495,100, with strong total net addition of 66,200 in the fourth quarter.
— STNE stock, which climbed 9.95% in the regular session today, was broadly unchanged in the after-hours session.
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The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system