11:27 AM EDT, 08/21/2024 (MT Newswires) -- (Updates with latest stock movement in the headline and first paragraph.)

PagSeguro Digital ( PAGS ) shares fell 12% in recent trading Wednesday, a day after the company reported Q2 earnings that rose less than expected by analysts.

In the quarter ended June 30, earnings climbed to 1.56 Brazilian reais ($0.28) a share from 1.18 reais a year earlier, the company said Tuesday.

Analysts polled by Capital IQ expected 1.57 reais.

Total revenue and income rose to 4.56 billion reais from 3.83 billion reais a year earlier.

Analysts polled by Capital IQ expected 4.36 billion reais, if applicable.

Price: 12.82, Change: -1.77, Percent Change: -12.10