Stoneco Ltd. - STNE STOCK NEWS

StoneCo Ltd. (Nasdaq: STNE) has rescheduled the release of its fourth quarter and fiscal year 2021 financial results to March 17, 2022, after market close, instead of the previously set date of March 10, 2022. The company will host a conference call to discuss these results at 5:00 PM ET on the same day. Details for joining the call remain unchanged, with options for participants from the U.S., Brazil, and the UK. Stone is recognized as a key provider of financial technology solutions aimed at enhancing commerce for merchants.

StoneCo Ltd. (STNE) will hold a conference call on March 10, 2022, at 5:00 PM ET to discuss its fourth quarter and fiscal year 2021 financial results. A press release detailing the results will be issued after market close on the same day. Investors can access the call by dialing (412) 317-6346 in the U.S. or through the live webcast on Stone’s investor relations website.

Stone is a leading provider of financial technology that enables merchants to enhance their commerce capabilities.

StoneCo Ltd. (STNE) reported its Q3 2021 results, showing significant growth with total revenue at R$1,469.6 million, a 57.3% increase year-over-year. Active payment clients surged to 1.4 million, with a 3.4 times increase in Total Payment Volume (TPV) since IPO. However, adjusted net income dropped by 53.9% to R$132.7 million, largely due to increased expenses and a halt in credit product contributions. The company's commitment to enhancing its financial platform and expanding software solutions remains strong, despite challenges in profitability.

StoneCo Ltd. (STNE) will conduct a conference call to go over its Q3 2021 financial results on November 16, 2021, at 5:00 PM ET. A press release with the results will be made public after the market closes that day. Investors can participate by calling the designated numbers or accessing the live webcast on Stone’s investor relations website. This call aims to provide insights into the company’s financial performance and future strategies.

StoneCo Ltd. (STNE) reported mixed results for Q2 2021, with Total Revenue decreasing by 8.1% to R$613.4 million, primarily due to challenges in the credit product, which saw an R$397.2 million revenue decline. However, the core SMB business showed strength, achieving a 104% increase in SMB TPV, reaching over 1 million SMB clients. Despite operational challenges, including a temporary halt in credit disbursements, StoneCo remains optimistic about future growth, particularly post-acquisition of Linx, which will enhance its software and payment solutions.

StoneCo Ltd. (STNE) has released a detailed analysis concerning the recent changes in Brazil's registration of receivables, effective June 7, 2021. This new regulatory framework aims to enhance collateralization processes for card receivables, allowing more flexibility for merchants in obtaining credit. However, the transition has introduced operational challenges, including incomplete migrations of credit agreements and interoperability issues among registries. Stone underscores these challenges but remains optimistic about the long-term benefits for both the company and Brazilian merchants.

StoneCo Ltd. (Nasdaq: STNE) announced a conference call scheduled for August 30, 2021, at 5:00 PM ET to discuss its Q2 2021 financial results. A press release with these results will be issued post-market close.

The call can be accessed via phone or through a live webcast, with a replay available shortly after the call ends. Stone is a key player in providing financial technology solutions, aiding merchants in effective commerce operations.

On July 5, 2021, StoneCo Ltd. (NASDAQ: STNE) appointed Diego Fresco Gutierrez to its Board of Directors. Gutierrez, a Certified Public Accountant with significant experience, previously served on the Audit Committees of various financial institutions. He replaces Roberto Thompson Motta, who resigned from the Audit Committee. The new Audit Committee will now include Sílvio Morais as Chairman, Luciana Aguiar as Vice Chairman, and Gutierrez. This change aims to enhance Stone's governance with his financial expertise.

StoneCo Ltd. (STNE) has received unanimous approval from Brazil's antitrust authority, CADE, for its business combination with Linx S.A., a provider of retail management software. This approval is expected to create significant value for stakeholders, enhancing Stone's ability to empower Brazilian merchants through technology. The companies have filed necessary documents with the SEC, urging shareholders to review them for important information regarding the transaction.