StoneCo Reports Second Quarter of 2021 Financial Results
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StoneCo (STNE) Reports Q2 Loss of R$0.47
August 30, 2021 4:25 PM EDTStoneCo (NASDAQ: STNE) reported Q2 EPS of (R$0.47), versus R$0.54 reported last year. Revenue for the quarter came in at R$613.4 million, versus R$667.4 million reported last year.
Dear Shareholders,
Despite strong underlying growth in our core business and evolution of our strategic roadmap, we had some mixed results this quarter primarily driven by a challenging short-term scenario in our credit product, which was strongly affected by industry problems with the credit receivables registry system and the resulting actions we took to address them, which we discussed in our August 25, 2021 press release... More
