StoneCo Stock Falls After Q4 Results: Here's Why
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.