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Why StoneCo Stock Fell Today

TheMotleyFool

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Some investors were selling their shares of StoneCo (NASDAQ: STNE) today after the company reported disappointing results for its second quarter late yesterday.

The fintech stock was down by 4.8% as of 2:11 p.m. EDT.

While there were some bright spots in the quarter, StoneCo's non-GAAP loss per share of $0.09 was far lower than the consensus estimate of $0.18 earnings per share.

Source Fool.com

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