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Here's Why PagSeguro Digital Stock Is Jumping

TheMotleyFool

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Here's Why PagSeguro Digital Stock Is Jumping

Shares of PagSeguro Digital (NYSE: PAGS) jumped on Tuesday following the release of preliminary third-quarter results. The Brazilian fintech stock closed the daily session up roughly 14.2%.

PagSeguro expects that it will have notched total payment volume of 125 billion Brazilian reals (approximately $22.59 billion) in the third quarter, representing growth of roughly 85% year over year. The company also estimates that it had 12.2 million active users at the end of Q3, up 1 million users sequentially.

Image source: Getty Images.

Source Fool.com

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