04:40 PM EDT, 05/13/2024 (MT Newswires) -- StoneCo ( STNE ) late Monday late Monday reported Q1 adjusted net income of 1.42 Brazilian reais ($0.28) per diluted share, up from 0.75 reais a year earlier.

Analysts polled by Capital IQ expected 1.44 reais.

Revenue for the quarter ended March 31 was 3.08 billion reais, up from 2.71 billion reais a year earlier.

Analysts expected 3.11 billion reais.

For 2024, the company reiterated its outlook expecting adjusted net income of around 1.9 billion reais. Analysts are looking for 2.11 billion reais.

Shares were down over 6% in after-hours activity.

Price: 15.60, Change: -1.05, Percent Change: -6.31