Shares of financial technology and software solutions provider StoneCo Ltd. (STNE) are up more than 5% Friday morning after reporting more than 100% revenue growth in the first quarter.
Revenue grew 138.6% year-over-year in the first quarter to R$2.07 billion.
The company, however, reported net loss of R$313 million in the quarter, compared with profit of R$158.3 million a year ago, hurt by higher expenses.
Excluding one-time items, the company posted earnings of $132.2 million compared with $187.4 million a year ago.
Looking forward, the company expects total revenue and income to be between R$2.150 billion and R$2.200 billion in the second quarter, a year-over-year growth of between 148.3% and 154.1%.
STNE is at $11.02 currently. It has traded in the range of $6.81-$71.08 in the past 1 year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.