Shares of financial technology solutions provider PagSeguro Digital Ltd. (PAGS) are rising more than 5% in the morning trade on Friday following improved third quarter results.
Net earnings in the third quarter increased to R$321.5 million or R$0.97 per share from R$263.4 million or R$0.8 per share in the same quarter a year ago.
Excluding one-time items, earnings were R$1.26 per share.
Revenue for the quarter increased 55.8% year-on-year to R$2.776 billion.
PAGS, currently at $35.74, has traded in the range of $31.10- $62.83 in the last 52 weeks.
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