Stock Track | XP Inc. Plunges 5.22% After-Hours as Q3 Results Miss Estimates

Stock Track11-20 06:02

XP Inc. (NASDAQ:XP) stock plunged by 5.22% in the after-hours trading session on Tuesday, following the company's third-quarter earnings release. The Brazilian financial services firm missed analysts' expectations for earnings per share (EPS) and revenue, despite reporting year-over-year growth in key financial metrics.

According to XP's Q3 results, the company reported a fully diluted EPS of R$2.18 (approximately $0.39), missing the consensus estimate of $0.40 by 1.75%. Additionally, XP's gross revenue of R$4.5 billion (approximately $778.58 million) fell short of the analysts' estimate of $772.20 million, although it represented a 4% year-over-year increase.

While XP reported strong growth in its retail customer base, the company's institutional client segment showed weakness during the quarter. This performance, coupled with the earnings and revenue misses, appears to have led to the after-hours sell-off in XP's stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1146096457?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 06:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1146096457","market":"us","top_or_hot":-1,"title":"Stock Track | XP Inc. Plunges 5.22% After-Hours as Q3 Results Miss Estimates","media":"Stock Track","content":"<p>XP Inc. (NASDAQ:XP) stock plunged by 5.22% in the after-hours trading session on Tuesday, following the company's third-quarter earnings release. The Brazilian financial services firm missed analysts' expectations for earnings per share (EPS) and revenue, despite reporting year-over-year growth in key financial metrics.</p>\n\n<p>According to XP's Q3 results, the company reported a fully diluted EPS of R$2.18 (approximately $0.39), missing the consensus estimate of $0.40 by 1.75%. Additionally, XP's gross revenue of R$4.5 billion (approximately $778.58 million) fell short of the analysts' estimate of $772.20 million, although it represented a 4% year-over-year increase.</p>\n\n<p>While XP reported strong growth in its retail customer base, the company's institutional client segment showed weakness during the quarter. This performance, coupled with the earnings and revenue misses, appears to have led to the after-hours sell-off in XP's stock.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | XP Inc. Plunges 5.22% After-Hours as Q3 Results Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | XP Inc. Plunges 5.22% After-Hours as Q3 Results Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-20 06:02 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>XP Inc. (NASDAQ:XP) stock plunged by 5.22% in the after-hours trading session on Tuesday, following the company's third-quarter earnings release. The Brazilian financial services firm missed analysts'...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XP","symbol_name":"XP Inc.","start_time":0,"source_url":"","article_id":"1146096457","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146096457","pubTimestamp":1732053744,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"XP Inc.  stock plunged by 5.22% in the after-hours trading session on Tuesday, following the company's third-quarter earnings release. The Brazilian financial services firm missed analysts' expectations for earnings per share  and revenue, despite reporting year-over-year growth in key financial metrics.According to XP's Q3 results, the company reported a fully diluted EPS of R$2.18 , missing the consensus estimate of $0.40 by 1.75%. Additionally, XP's gross revenue of R$4.5 billion  fell short ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XP":"XP Inc."},"translate_title":"由于第三季度业绩未达预期，股票Track XP Inc.盘后暴跌5.22%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XP":1},"content_text":"XP Inc. (NASDAQ:XP) stock plunged by 5.22% in the after-hours trading session on Tuesday, following the company's third-quarter earnings release. The Brazilian financial services firm missed analysts' expectations for earnings per share (EPS) and revenue, despite reporting year-over-year growth in key financial metrics.\nAccording to XP's Q3 results, the company reported a fully diluted EPS of R$2.18 (approximately $0.39), missing the consensus estimate of $0.40 by 1.75%. Additionally, XP's gross revenue of R$4.5 billion (approximately $778.58 million) fell short of the analysts' estimate of $772.20 million, although it represented a 4% year-over-year increase.\nWhile XP reported strong growth in its retail customer base, the company's institutional client segment showed weakness during the quarter. This performance, coupled with the earnings and revenue misses, appears to have led to the after-hours sell-off in XP's stock.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1146096457"}