Stone delivers a consistent quarter with adjusted net income of R$450 million, a 90% growth compared to the same time last year
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: PR Newswire
Adjusted EBT of R$ 568 million had a 75% increase compared to the same quarter of 2023 Total Payment Volume (TPV) of SMEs had an annual growth of 24%, considering also PIX transactionsSÃO PAULO, May 13, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) reported adjusted net income of R$ 450 million in the first quarter, a 90% increase over the same time last year. The company's total revenue reached R$ 3.1 billion, a 14% year-over-year growth. Adjusted net cash was R$ 5.1 billion, an increase of R$ 87 million in the quarter and R$ 1.2 billion in the year. The adjusted EBT of R$ 568 million represents a 75% increase compared to 1Q23, with an adjusted EBT margin of 18.4%.Financial services revenue reached R$ 2.7 billion in 1Q24, 16% higher than the previous year, with Total Processed Volume (TPV) of SME (small and medium-sized enterprises) clients growing by 24% year over year, including PIX P2M processed volume. The segment showed a 15 bps increase in take rate year over ye
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News
- StoneCo Ltd. (STNE) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on November 12th, 2024GlobeNewswire
- StoneCo Ltd. (STNE) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. (NASDAQ: STNE) had its price target lowered by analysts at Barclays PLC from $14.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why StoneCo Ltd. (STNE) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
STNE
Earnings
- 8/14/24 - Beat
STNE
Sec Filings
- 9/20/24 - Form 6-K
- 9/10/24 - Form SC
- 8/22/24 - Form 6-K
- STNE's page on the SEC website