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PagSeguro Stock Drops Amid Q2 Earnings Report Confusion
PagSeguro Stock Drops Amid Q2 Earnings Report Confusion
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BTCCSquare news:
Brazilian fintech PagSeguro (PAGS) saw shares decline 6.7% intraday Thursday following a sparse Q2 earnings release. The company reported 18% revenue growth at its PagBank subsidiary (5.1B reals/$940M), but profits grew just 7% to 537M reals ($98.7M). CEO Artur Schunck described operating in a "challenging economic environment" while emphasizing conservative growth in low-risk products.
U.S. investors faced additional hurdles interpreting the report, which used Brazilian real denominations and focused narrowly on PagBank performance. The fintech's $2.8B market cap and $405M trailing profits suggest valuation concerns may be outweighing its growth narrative in current market conditions.
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