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Investing.com - StoneCo reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
StoneCo announced earnings per share of R$0.52 on revenue of R$2.51B. Analysts polled by Investing.com EPS of R$0.32 on revenue of R$2.5B.
StoneCo 's are down 41% and is trading at R$11.04 , still down 62.95% from its 52 week high of R$26.64 set on Wednesday, November 17, 2021.
StoneCo shares gained 11.85% to trade at R$11.04 in after-hours trade the report.
StoneCo follows other major Information Technology sector earnings this month
StoneCo's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of R$1.29 on revenue of R$90.1B, EPS of R$1.26 on revenue of R$88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of R$2.35 on revenue of R$50.1B, for EPS of R$2.32 on revenue of R$49.86B.
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