StoneCo Ltd. (NASDAQ:STNE) is set to release earnings results for its first quarter after the closing bell on May 13.
Analysts expect the George Town, the Cayman Islands-based company to report quarterly earnings at 28 cents per share, up from 15 cents per share in the year-ago period. StoneCo is projected to report quarterly revenue of $607.57 million, compared to $565.99 million a year ago, according to data from Benzinga Pro.
On March 18, StoneCo reported weaker-than-expected sales for its fourth quarter.
StoneCo shares fell 0.6% to close at $16.60 on Friday.
Benzinga …
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