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StoneCo Stock Is Spiking Despite Q4 Earnings: What Does This BofA Analyst Think?

StoneCo Stock Is Spiking Despite Q4 Earnings: What Does This BofA Analyst Think?

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Although StoneCo Ltd (NASDAQ: STNE) reported its non-GAAP net income 48% below Street expectations, its operating trends reflected better revenue generation on robust TPV growth, take rate expansion and lower administrative expenses, according to BofA Securities. The StoneCo Analyst: Mario Pierry.

...read full article on Benzinga

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