StoneCo: Q3 Earnings Insights - StoneCo (NASDAQ:STNE)

StoneCo STNE reported its Q3 earnings results on Friday, November 10, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

StoneCo beat estimated earnings by 22.73%, reporting an EPS of $0.27 versus an estimate of $0.22.

Revenue was up $164.46 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 7.57% drop in the share price the next day.

Here's a look at StoneCo's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.170	0.14	0.12	0.06
EPS Actual	0.198	0.14	0.14	0.10
Revenue Estimate	585.96M	546.67M	513.84M	464.73M
Revenue Actual	596.92M	521.92M	514.35M	478.86M

To track all earnings releases for StoneCo visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.