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Why PagSeguro Stock Plummeted Today

TheMotleyFool

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Why PagSeguro Stock Plummeted TodayPhoto, wide shot, wide-angle lens, Private equity firm, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/11edc0a6-edfc-46d1-baee-abd4f510abd1.png

Brazilian fintech and digital bank PagSeguro (NYSE: PAGS), dropped 6.7% through 1 p.m. ET Thursday after the company reported second-quarter earnings.

The company put out only a brief press release (less than 400 words long), describing results at its PagBank subsidiary, and gave most numbers in local currency, the Brazilian real. Between this international quirk and some name confusion, U.S. investors may be wondering whether PagSeguro's news was good or bad.

Image source: Getty Images.

Source Fool.com

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