After Earnings, a Long-Awaited Comeback for PagSeguro May Have Finally Begun
PagSeguro (NYSE: PAGS) surged in Friday trading after its Thursday, Nov. 11 earnings report. The stock rose 4% as the report topped revenue and earnings estimates.
However, the stock had fallen in late September and October over concerns that a proposed rule change could curtail one of its primary revenue sources. Now, investors have to decide whether the post-earnings surge in the stock is a temporary bump or whether it points to a resumption of growth for the fintech stock.
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Source Fool.com
