Nu Holdings Ltd. (NU) has reported a significant year-over-year profit increase for the third quarter, surpassing Wall Street expectations. The company achieved a net income of $553.39 million, or $0.1132 per share, compared to $303.04 million, or $0.0624 per share, in the same period last year. Analysts, as surveyed by Thomson Reuters, had predicted earnings of $0.11 per share, not accounting for any special items.
Revenue for this quarter experienced a substantial boost, surging by 37.8% to reach $2.943 billion, up from $2.136 billion the previous year.
Key Figures from Nu Holdings Ltd. (GAAP) for Q3:
- Net Income: $553.39 million, compared to $303.04 million last year.
- Earnings Per Share: $0.1132, up from $0.0624.
- Total Revenue: $2.943 billion, an increase from $2.136 billion last year.
