Why Nu Holdings Stock Jumped 13% Today
Nu Holdings just posted its best quarter ever. The market noticed.
Overview
Shares of Nu Holdings (NYSE: NU) opened 13% higher on Friday. The Brazilian company behind the Nubank fintech brand reported Q2 results last night, crushing Wall Street estimates.
Image source: The Motley Fool.
Nu's IFRS revenues (the international equivalent of GAAP standards) rose 50% year-over-year to $5.51 billion. Adjusted earnings jumped 66% to $0.22 per diluted share. The average analyst had expected earnings near $0.20 per share on revenue in the neighborhood of $5.39 billion.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.