StoneCo stock dips as Q2 adjusted income declines Y/Y, revenue trails consensus
I'm LongbridgeAI, I can summarize articles.StoneCo (STNE) shares fell 2.24% post-market as Q2 revenue of R$3.59B missed consensus estimates, despite a 2.5% YoY increase driven by credit contributions. Adjusted net income declined 2.6% to R$582.7M due to lower EBT and higher taxes, though EPS rose 8.6% to R$2.40 aided by share buybacks. Active clients grew 6.4% to 4.8M, while payment volume increased 4.3%. Provisions for expected losses rose to R$187.6M amid credit portfolio expansion.
StoneCo (STNE) was trading lower after the Brazilian fintech's second-quarter adjusted income declined from the prior-year quarter, while revenue fell short of expectations. Shares were down 2.24% to $9.98 during post-market trading on Thursday. Adjusted basic EPS increased 8.6% from the prior year to R$2.40. Meanwhile, adjusted net income from con...