StoneCo (STNE) Q4 Earnings Beat Estimates, Revenues Rise

StoneCo’s (STNE) fourth-quarter 2023 non-GAAP earnings of 36 cents per share beat the Zacks Consensus Estimate by 12.5%.In domestic currency, earnings were R$1.76 per share, up from 63 cents reported in the year-ago quarter.Revenues of $656 million surpassed the consensus mark by 40%.In domestic currency, revenues increased 20.1% year over year to R$3.24 billion. The upside is primarily driven by an increase in financial services platform revenues, driven by growth in the active client base and enhanced mon ...