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Benzinga
Benzinga
Business
Adam Eckert

UNBELIEVABLE: Why stoneco shares are surging | History Defined

StoneCo Ltd (NASDAQ:STNE) shares are trading significantly higher Friday morning after the company reported financial results.

StoneCo said fourth-quarter revenue increased 87% year-over-year to R$1.9 billion ($380 million). The company reported quarterly earnings of $0.026 per share, which was down from earnings of $0.23 year-over-year. 

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