Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why StoneCo Stock Is Jumping Higher on Friday

TheMotleyFool

0 0

Here's Why StoneCo Stock Is Jumping Higher on Friday

Shares of StoneCo (NASDAQ: STNE), an international e-commerce service provider, are on the move following a better-than-expected fourth-quarter earnings result. Investors responding to a brighter-than-expected outlook for 2022 have driven the stock 40.1% higher as of 10:25 a.m. ET on Friday.

Earlier this month, investors got nervous after StoneCo pushed back the scheduled announcement of its fourth-quarter earnings results. Net income that only reached 34 million Brazilian reais fell short of the consensus estimate of 65.2 million that analysts who follow the company had predicted.

Image source: Getty Images.

Source Fool.com

Like: 0

STNE

Share