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Stock impact report

StoneCo Ltd. Announces Preliminary Second Quarter 2019 Results

StoneCo Ltd. - Class A Common Share (STNE) 
Company Research Source: GlobeNewswire
Announces Joint-Venture with Grupo Globo to Enter the Micro-Merchant SpaceGrowth Acceleration: TPV Growth of 60.6% y/y and Net Addition of 50.5 Thousand Active Clients SÃO PAULO, Brazil, July 30, 2019 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announced preliminary results for the second quarter of 2019. “We are pleased to present a new record of net new active clients and an acceleration in TPV, with stable take-rates and strong profitability, which demonstrates the quality and execution consistency of this amazing team and unique business model. Our Company produced great results while increasing investments for the long-term. We believe that in two years from now the boundaries between payments, software, credit and banking will be overcome and Stone will drive this evolution in Brazil, be Show less Read more
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