Why PagSeguro Stock Jumped Today
Shares of Brazilian financial-technology (fintech) company PagSeguro Digital (NYSE: PAGS) jumped on Friday after the company reported financial results for the fourth quarter of 2022. For Q4, PagSeguro grew its revenue 22% year over year to about $760 million (the company reports in Brazilian reais). Additionally, PagSeguro grew its earnings per share (EPS) by 36% year over year in Q4 -- outpacing revenue growth -- as management works through some operational challenges.