StoneCo’s 90% Q1 Profit Surge Driven by Increased Payment Processing

StoneCo (STOC31) reported a 90% rise in its adjusted net profit for Q1 2024, driven by a surge in processed payments. Stone leads as a Brazilian fintech company. It provides payment processing solutions and financial services. The company achieved an adjusted net profit of R$ 450.4 million ($87.48 million) for the quarter ending in March. […]