: : Nu Holdings sees ‘sustained increase’ in customers; shares jump #FinanceUSA #StockMarketNEWS Shares of Nu Holdings Ltd. NU jumped 14.7% after hours on Monday after the Brazil-based digital banking
@stockMarketNEWS Tue 15 Nov, 2022
: Nu Holdings sees ‘sustained increase’ in customers; shares jump #FinanceUSA #StockMarketNEWS
Shares of Nu Holdings Ltd. NU jumped 14.7% after hours on Monday after the Brazil-based digital banking platform reported a surprise third-quarter profit and revenue that beat expectations, helped by a boost in active customers. The company reported net income of .8 million, compared with a net loss of .4 million in the same quarter last year, boosted by a “sustained increase in the number of active customers and higher customer engagement,� executives said. The company reported sales of .3 billion, compared with 0.9 million in the prior-year period. Analysts polled by FactSet expected Nu to lose .9 million during the quarter, on sales of .23 billion. Net interest margins increased to 11.1% during the quarter. The company added 5.1 million customers during the quarter. However, executives noted “increased delinquency in the quarter, consistent with the market.�
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