Nu Holdings surged over 12% in premarket trading after reporting the strongest quarter result in its history.
It reported Q1 adjusted net income of $10.1 million, compared with an adjusted loss of $11.9 million a year ago.
Revenue for the quarter was $877.2 million, a 226% increase year over year and a record high for the digital banking platform. Analysts polled by Capital IQ expected $653.4 million.
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