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StoneCo Stock Falls After Q4 Results: Here's Why

Benzinga03-19

StoneCo Ltd. (NASDAQ:STNE) shares are falling after the company reported its fourth-quarter financial results after the bell Monday. Here's a look at the report.

The Details: StoneCo reported quarterly sales of R$3.25 billion ($171.6 million), missing the R$3.42 billion estimate. The company said this is growth of 20.1% year-over-year and primarily driven by a 24.4% increase in financial services platform revenues, a result of active client base growth and higher monetization from clients, mainly in its MSMB segment.

“Our top priority, ‘Winning in MSMBs,’ posted remarkable growth. We achieved a notable increase in MSMB TPV both annually and in the fourth quarter, showing an acceleration from the previous period. Our banking services also recorded impressive growth, with deposits reaching R$ 6.1 billion by the end of December, a significant increase from 2022. This growth not only reflects higher engagement but also a better conversion of TPV into deposits,” said Pedro Zinner, CEO of StoneCo.

Related News: What’s Going On With Bitcoin Miners Marathon Digital And Riot Platforms Stock?

STNE Price Action: According to Benzinga Pro, StoneCo shares are down 8.01% after-hours at $16.07 at the time of publication.

Photo: Gerd Altmann from Pixabay

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tkj
·03-19
Title looks impressive and I thought it is going into indepth analysis why share dropped. But the answer is disappointing. I did not see any real reason for the drop except that the company missed target by a bit but still a strong showing from previous....
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I did not see any real reason for the drop except that the company missed target by a bit but still a strong showing from previous....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/285810588930056","repostId":2420823318,"repostType":2,"repost":{"id":"2420823318","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1710795851,"share":"https://ttm.financial/m/news/2420823318?lang=&edition=fundamental","pubTime":"2024-03-19 05:04","market":"us","language":"en","title":"StoneCo Stock Falls After Q4 Results: Here's Why","url":"https://stock-news.laohu8.com/highlight/detail?id=2420823318","media":"Benzinga","summary":"StoneCo reported quarterly sales of R$3.25 billion ($171.6 million), missing the R$3.42 billion estimate. The company said this is growth of 20.1% year-over-year and primarily driven by a 24.4% increase in financial services platform revenues, as a result of active client base growth and higher monetization from clients, mainly in its MSMB segment.","content":"<html><body><p><strong><a href=\"https://laohu8.com/S/STNE\">StoneCo</a> Ltd. </strong>(NASDAQ:STNE) shares are falling after the company reported its fourth-quarter financial results after the bell Monday. Here's a look at the report. </p>\n<p><strong>The Details:</strong> StoneCo reported quarterly sales of R$3.25 billion ($171.6 million), missing the R$3.42 billion estimate. The company said this is growth of 20.1% year-over-year and primarily driven by a 24.4% increase in financial services platform revenues, a result of active client base growth and higher monetization from clients, mainly in its MSMB segment.</p>\n<p>“Our top priority, ‘Winning in MSMBs,’ posted remarkable growth. We achieved a notable increase in MSMB TPV both annually and in the fourth quarter, showing an acceleration from the previous period. Our banking services also recorded impressive growth, with deposits reaching R$ 6.1 billion by the end of December, a significant increase from 2022. This growth not only reflects higher engagement but also a better conversion of TPV into deposits,” said <strong>Pedro Zinner</strong>, CEO of StoneCo. </p>\n<p><em>Related News: </em><em>What’s Going On With Bitcoin Miners Marathon Digital And <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> Stock?</em></p>\n<p><strong>STNE Price Action:</strong> According to Benzinga Pro, StoneCo shares are down 8.01% after-hours at $16.07 at the time of publication.</p>\n<p><em>Photo: Gerd Altmann</em> <em>from Pixabay</em></p></body></html>","collect":0,"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>StoneCo Stock Falls After Q4 Results: Here's Why</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\">\nStoneCo Stock Falls After Q4 Results: Here's Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-03-19 05:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/STNE\">StoneCo</a> Ltd. </strong>(NASDAQ:STNE) shares are falling after the company reported its fourth-quarter financial results after the bell Monday. Here's a look at the report. </p>\n<p><strong>The Details:</strong> StoneCo reported quarterly sales of R$3.25 billion ($171.6 million), missing the R$3.42 billion estimate. The company said this is growth of 20.1% year-over-year and primarily driven by a 24.4% increase in financial services platform revenues, a result of active client base growth and higher monetization from clients, mainly in its MSMB segment.</p>\n<p>“Our top priority, ‘Winning in MSMBs,’ posted remarkable growth. We achieved a notable increase in MSMB TPV both annually and in the fourth quarter, showing an acceleration from the previous period. Our banking services also recorded impressive growth, with deposits reaching R$ 6.1 billion by the end of December, a significant increase from 2022. This growth not only reflects higher engagement but also a better conversion of TPV into deposits,” said <strong>Pedro Zinner</strong>, CEO of StoneCo. </p>\n<p><em>Related News: </em><em>What’s Going On With Bitcoin Miners Marathon Digital And <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> Stock?</em></p>\n<p><strong>STNE Price Action:</strong> According to Benzinga Pro, StoneCo shares are down 8.01% after-hours at $16.07 at the time of publication.</p>\n<p><em>Photo: Gerd Altmann</em> <em>from Pixabay</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STNE":"StoneCo","BK4559":"巴菲特持仓","BK4227":"交易和支付处理服务","BK4106":"数据处理与外包服务","BK4566":"资本集团","BK4535":"淡马锡持仓"},"source_url":"https://www.benzinga.com/news/earnings/24/03/37803076/stoneco-stock-falls-after-q4-results-heres-why","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2420823318","content_text":"StoneCo Ltd. (NASDAQ:STNE) shares are falling after the company reported its fourth-quarter financial results after the bell Monday. Here's a look at the report. \nThe Details: StoneCo reported quarterly sales of R$3.25 billion ($171.6 million), missing the R$3.42 billion estimate. The company said this is growth of 20.1% year-over-year and primarily driven by a 24.4% increase in financial services platform revenues, a result of active client base growth and higher monetization from clients, mainly in its MSMB segment.\n“Our top priority, ‘Winning in MSMBs,’ posted remarkable growth. We achieved a notable increase in MSMB TPV both annually and in the fourth quarter, showing an acceleration from the previous period. Our banking services also recorded impressive growth, with deposits reaching R$ 6.1 billion by the end of December, a significant increase from 2022. This growth not only reflects higher engagement but also a better conversion of TPV into deposits,” said Pedro Zinner, CEO of StoneCo. \nRelated News: What’s Going On With Bitcoin Miners Marathon Digital And Riot Platforms Stock?\nSTNE Price Action: According to Benzinga Pro, StoneCo shares are down 8.01% after-hours at $16.07 at the time of publication.\nPhoto: Gerd Altmann from Pixabay","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}