Movement Alert｜Nu Holdings Ltd. Pre-Market Rise 3.13% in Pre-Market Trading, Revenue Beat and Improved Efficiency Outlook Support Shares

Market Focus11-13 17:10

On November 13, Nu Holdings Ltd. rose 3.13% in Pre-Market Trading, trading near $12.2/share, with turnover of $453,700.

The move followed the company’s latest quarterly report, in which earnings were broadly in line with expectations while revenue exceeded forecasts and management improved its full-year efficiency ratio outlook.

Nu Holdings Ltd. reported third-quarter EPS of $0.22, matching consensus estimates and up from $0.16 a year earlier. Revenue was $5.82 billion, above the $5.684 billion market estimate, while net income rose to about $1.1 billion, up 31% year over year. Management also revised its full-year efficiency ratio expectation to 19.0% to 19.5%, improved from the prior indication of about 20%, and said fourth-quarter risk-adjusted net interest margin should remain resilient, with underwriting models aligned to new Brazilian rules.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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