Nu Holdings reports Q3 results
Nov 13, 8:19 PM
NU
- Nu Holdings reported an adjusted net income of $592.2 million for the third quarter.
- The company's revenue was $2.94 billion, up 37.4% from the previous year but $10 million below expectations.
- Despite strong growth, Nu Holdings' shares dropped by 2.17% in after-hours trading.
Recommendation Rating: Hold
Nu Holdings (NYSE:NU) has released its financial results for the third quarter, reporting an adjusted net income of $592.2 million. The company's revenue reached $2.94 billion, marking a year-over-year increase of 37.4%. Despite this growth, the revenue fell short of expectations by $10 million. Following the announcement, Nu Holdings' shares experienced a decline of 2.17% in after-hours trading.