SAO PAULO, Aug 14 (Reuters) - Brazilian payments

processor StoneCo ( STNE ) reported a slightly

higher-than-estimated adjusted net profit in the second quarter,

driven by an increase in payments processed, it said on

Wednesday in a securities filing.

WHY IT'S IMPORTANT

StoneCo ( STNE ), a Nasdaq-listed company, is one of Brazil's largest

payments processors.

BY THE NUMBERS

StoneCo ( STNE ) reported an adjusted net profit of 497 million reais

($90.9 million) in the April-June period, up 54% from the same

quarter last year.

Analysts polled by LSEG were expecting a net profit of

491.25 million reais.

According to StoneCo ( STNE ), its total payments volume (TPV) grew

25% year-on-year for its micro-, small- and medium-sized

clients, to 109.3 billion reais.

Overall TPV grew 21.6% in the second quarter from a year

earlier, to 126.1 billion reais.

KEY QUOTE

"We continued to advance in the second quarter in the

execution of our strategic priorities, building an increasingly

complete ecosystem of solutions for micro-, small- and

medium-sized Brazilian enterprises," said StoneCo ( STNE ) Chief

Executive Pedro Zinner.

($1 = 5.4700 reais)