StoneCo Aktie News

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Brazilian FinTech StoneCo's stock dropped 10% after reporting lower-than-expected revenue and EBIT, but the company remains on track to exceed its guidance for the year. StoneCo's customer base growth rate is slowing down, with only 200k new customers registering last quarter. Costs have gone up because of one-off marketing expenses.

Some sectors have positive tailwinds, and the industry size has swelled sustainably for a decade or more. However, during this period, the best stocks from the sector are not always surging higher.

StoneCo Ltd. (NASDAQ:STNE ) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Roberta Noronha - Head of IR Pedro Zinner - CEO Lia Matos - Chief Strategy Officer and Chief Marketing Officer Mateus Scherer - CFO and IR Officer Gregor Ilg - Head of Credit Conference Call Participants Eduardo Rosman - BTG Kaio Da Prato - UBS Antonio Ruette - Bank of America Neha Agarwala...

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 transactions SÃO 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.

Beaten-down stocks can be the best friend of those with the patience to hold through ups and downs. Well-established companies that have products with staying power will rarely disappoint you over a multi-year investment period.

StoneCo warned investors of an accounting change that could make its next earnings report look a bit rough. The long-term effects of the accounting change should net out, however.