Nu Holdings Ltd. increases profit in Q3 and exceeds expectations. $NU (-0.94%)
Nu Holdings Ltd (NU) has announced third quarter earnings that are higher than last year and beat Wall Street estimates.
The company's profit amounted to 553.39 million dollars or 0.1132 dollars per share. In the third quarter of the previous year, the figure was 303.04 million dollars or 0.0624 dollars per share.
Analysts on average had expected earnings of 0.11 dollars per share, according to figures compiled by Thomson Reuters. Analysts' estimates generally exclude special items.
The company's sales rose by 37.8% to 2.943 billion dollars in the quarter compared to 2.136 billion dollars in the previous year.
Nu Holdings Ltd. earnings at a glance (GAAP):
-Profit (Q3): $553.39 million vs. $303.04 million a year ago. -EPS (Q3): $0.1132 vs. $0.0624 in the prior year. -Revenue (Q3): $2.943 billion compared to $2.136 billion in the previous year.
