04:27 PM EDT, 05/21/2024 (MT Newswires) -- XP (XP) reported Q1 earnings late Tuesday of 1.85 Brazilian reais per diluted share, up from 1.48 reais a year earlier.

Analysts polled by Capital IQ expected 1.93 reais.

Gross revenue for the quarter was 4.27 billion reais, up from 3.33 billion reais a year earlier, while net revenue grew to 4.05 billion reais from 3.13 billion reais a year ago.

Analysts surveyed by Capital IQ expected revenue of 4.00 billion reais.

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