(StoneCo:STNE) stock fell by 5.98% after the company reported their Q2 earnings results on Monday, August 30, 2021 at 04:09 PM.
Here's what investors need to know about the announcement.
StoneCo miss their estimated earnings by 160.0%, which surprised analysts.
Revenue was up $8,650,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $-0.07, which was followed by a 1.43% increase in the share price the next day.
Here's a look at StoneCo's past performance and the resulting price change:
|Quarter||Q2 2021||Q1 2021||Q4 2020||Q3 2020||Q2 2020|
|Price Change %||-5.98%||1.43%||-6.05%||-5.37%||-5.92%|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
StoneCo earnings and revenue guidance hasn't been issued for now.
Listen to the earnings announcement yourself by clicking here.
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