— 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.
Most Popular
Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?
The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive
General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward
Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to
IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million
It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management
