Movement Alert｜Nu Holdings Ltd. After-Hours Rise 3.13%, Revenue Beat and Improved Efficiency Outlook Support Shares

Market Focus11-13

On November 13, Nu Holdings Ltd. rose 3.13% in After-Hours Trading, trading at $12.24/share, with turnover of $33.41 million.

The move followed the company’s latest quarterly results, with EPS of $0.22 broadly in line with expectations while revenue of $5.82 billion beat the $5.684 billion consensus estimate.

Additional reported details showed Q3 gross revenue of $6.3 billion, up 37% from a year earlier, and net income of about $1.1 billion, up 31%. Management also improved its full-year efficiency ratio outlook to 19.0% to 19.5% from about 20%, while indicating fourth-quarter risk-adjusted net interest margin could remain resilient and that underwriting models have been aligned with new Brazil rules, helping ease part of the market’s earlier concern over consumer credit and regulatory risks in key emerging markets.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment