Brazil's StoneCo reports higher-than-expected Q2 net profit-February 2024-www.financetom.com

Brazil's StoneCo reports higher-than-expected Q2 net profit

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Brazil's StoneCo reports higher-than-expected Q2 net profit

Aug 14, 2024 1:28 PM

SAO PAULO, Aug 14 (Reuters) - Brazilian payments

processor StoneCo ( STNE ) reported a higher-than-estimated

adjusted net profit of 497 million reais ($90.9 million) in the

second quarter, driven by an increase in payments processed, it

said on Wednesday in a securities filing.

Analysts polled by LSEG were expecting a net profit of

491.25 million reais.

($1 = 5.4700 reais)

Previous page： JPMorgan expands in Dubai in global midcap push Next page： Wolters Kluwer to acquire legal AI assistant software provider Libra Technology GmbH

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

JPMorgan expands in Dubai in global midcap push

Nov 13, 2025

* JPMorgan ( JPM ) targets midcap growth in Europe, Middle East * Follows moves in Austria, Poland * JPMorgan ( JPM ) weighs expanding footprint in Turkey * Citigroup ( C/PN ) sees UAE as key market amid rising competition By Tom Sims FRANKFURT, Nov 14 (Reuters) - The U.S. bank JPMorgan ( JPM ) has expanded in Dubai...

Wolters Kluwer to acquire legal AI assistant software provider Libra Technology GmbH

Nov 13, 2025

PRESS RELEASE Wolters Kluwer to acquire legal AI assistant software provider Libra Technology GmbH Alphen aan den Rijn – November 14, 2025 – Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment...

Disney Isn't Jumping On The Media Consolidation Bandwagon, Top Executive Says, 'We Like The Hand That We Have'

Nov 13, 2025

On Thursday, the Walt Disney Company ( DIS ) made it clear that it has no plans to join the industry's intensifying merger-and-acquisition chatter. Disney Confident In Its IP Portfolio As Rivals Explore Options During the company's fourth-quarter earnings call, BofA Securities analyst Jessica Reif Cohen asked whether Disney ( DIS ) saw a role for itself in the expected...

FOCUS-BYD shifts away from in-house payment system that strained suppliers, sources say

Nov 13, 2025

* Some suppliers told that BYD now prefers CP or bank notes for payments, sources say * There has been regulatory pressure on automakers to shorten long payment times, improve practices * Suppliers get less if they cash in BYD promissory notes early * BYD says it has shortened payment times for suppliers Nov 14 (Reuters) - China's BYD has...