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0.00363636363636369 0.00363636363636369 0.00036363636363642 0.00363636363636369 0.00036363636363642 3.63636363635516E-06 0.00254545454545456 0.0120000000000001
Stock impact report

UPDATE 1-Brazil's Cielo revenue falls as competition increases [Reuters]

PagSeguro Digital Ltd. Class A Common Shares (PAGS) 
Last pagseguro digital ltd. class a common shares earnings: 2/27 05:11 pm Check Earnings Report
US:NYSE Investor Relations: investors.pagseguro.com
Company Research Source: Reuters
UPDATE 1-Brazil's Cielo revenue falls as competition increases | Reuters Reuters Staff 2 Min Read (Adds CEO comments) SAO PAULO, Feb 1 (Reuters) - Cielo SA, Brazil’s largest payments solutions firm, had a 2.7 percent fall in net revenue in the fourth quarter over the prior year, as competition increased and the government tightened regulation on credit card processing firms. Net revenue was 3 billion reais ($947 million) for the quarter. Net revenue fell 5.7 percent for the full 2017 year relative to 2016. Chief Executive Eduardo Gouveia said the company expects to raise total transaction value by 4 to 6 percent this year. The CEO said the company may lose market share in 2018, with increased competition from newcomers. The company did not disclose its market share in the fourth quarter, but it had around 53 percent in September, according to a presentation to analysts, lower than the 54 percent a year earlier. New competitors such as Stone Pagamentos SA and PagSeguro Digital Ltd - wh Show less Read more
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