Home » Business » StoneCo (NASDAQ: ) Q3 Earnings Beat Expectations: StoneCo Stock Performance Compared to Tech Sector Profits and Competitors Apple and Microsoft

StoneCo (NASDAQ: ) Q3 Earnings Beat Expectations: StoneCo Stock Performance Compared to Tech Sector Profits and Competitors Apple and Microsoft

Investing.com – StoneCo (NASDAQ: )’s third quarter report beat analyst expectations. The report was released on Friday and the company reported revenues that beat expectations.

Earnings per share reached R$1.32 while revenues were recorded at R$3.14B. Market opinion polls from Investing.com indicated an expected earnings per share of R$1.12 and company profits of R$3.08B. Also, in terms of the last quarter

During the year, StoneCo shares traded higher by 13%, underperforming the Nasdaq which is higher by 31.83% during the current year.

StoneCo stock is tracking Sector profits Technology The other one is this the month

On March 2, Apple reported a fourth-quarter EPS of R$1.46 on revenue of R$89.5B, compared to expectations for an EPS of R$1.39 on revenue of R$89.31B.

Microsoft Group’s profits exceeded analysts’ expectations on the 24th, during the first quarter, with quarterly earnings per share of R$2.99 ​​and revenues of about R$56.5B. Investing.com analysts forecast profits of R$2.65 and revenues of R$54.53B.

2023-11-11 00:06:00
#StoneCo #Earnings #Revenue #Beat #Expectations #Investing.com

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