StoneCo (STNE) Q2 Earnings Beat Estimates, Revenues Rise

NVDA WDAY HPE STNE

StoneCo’s (STNE - Free Report) second-quarter 2023 non-GAAP earnings of 19 cents per share beat the Zacks Consensus Estimate by 11.76%. In domestic currency, earnings were R$0.94 per share, up from R$0.18 reported in the year-ago quarter.

Moreover, revenues of $597 million surpassed the consensus mark by 48.46%. In domestic currency, revenues increased 28.2% year over year to R$2.95 billion.

Quarter Details

Net revenues from transaction activities and other services jumped 38.4% year over year to R$840.1 million. The upside was driven by robust Total Payment Volume (“TPV”) growth.

Net revenues from subscription services and equipment rental rose 4.5% year over year to R$457.3 million.

StoneCo Ltd. Price, Consensus and EPS Surprise

 

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