STNE Jul 2024 30.000 call
OPR - OPR Delayed Price. Currency in USD
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- Zacks
StoneCo (STNE) Upgraded to Buy: What Does It Mean for the Stock?
StoneCo (STNE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- PR Newswire
Stone delivers a consistent quarter with adjusted net income of R$450 million, a 90% growth compared to the same time last year
StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) reported adjusted net income of R$ 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%.
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