Reported 12 days ago
Brazilian payment company StoneCo announced a 35% increase in its adjusted net profit for the third quarter, reaching 587 million reais, surpassing analysts' expectations. The firm's total revenue for the quarter was 3.4 billion reais, reflecting a 7% year-on-year growth, with payment volume from small and medium enterprises rising 20%. StoneCo is also exploring options for its software business, potentially considering a sale of its unit Linx.
Source: YAHOO