StoneCo (STNE) Q1 Revenue Tops Consensus, Announces Buyback Plan

StoneCo (NASDAQ: STNE) reported Q1 revenue of R$535.8 million versus the consensus estimate of R$532 million.

• Adjusted Net Income Adjusted Net Margin R$ 186.3 MM

Announcement of Share Repurchase Program

The Company has also announced today that its Board of Directors has authorized a share repurchase program, under which Stone may repurchase up to US$ 200 million in outstanding Class A common shares. The repurchase program will go into effect in the second quarter of 2019 and does not have a fixed expiration date. The share repurchases may be made from time to time through open market transactions, block trades, privately negotiated transactions or otherwise and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory, and other relevant factors.

For earnings history and earnings-related data on StoneCo (STNE) click here.

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