Brazil's StoneCo reports 90% growth in first-quarter profit-March 2024-www.financetom.com

Brazil's StoneCo reports 90% growth in first-quarter profit

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Brazil's StoneCo reports 90% growth in first-quarter profit

May 13, 2024 1:23 PM

SAO PAULO, May 13 (Reuters) - Brazilian payment

processor StoneCo ( STNE ) reported on Monday a 90% jump in its

first-quarter adjusted net profit.

The company posted an adjusted net profit of 450.4 million

reais ($87.48 million), against an estimate of 462.43 million

reais from analysts polled by LSEG.

($1 = 5.1486 reais)

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