Nubank's quarterly net profit tops $1 billion for the first time, beating estimates

1. 1Brazilian digital bank Nubank (NU) posted quarterly net profit exceeding $1 billion for the first time, surpassing analyst expectations
2. 2Nu Holdings' net profit for April–June was $1.06 billion, up 49% year-on-year on a constant-currency basis, beating the Visible Alpha estimate of $967.2 million
3. 3Net revenue rose 39% to $5.88 billion, and shares climbed about 9% in extended trading to roughly $15.25

Source Reuters +1 · View original ↗

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