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Benzinga
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Nu Holdings Stock Rallies On Mixed Q2 Results: EPS In Line, Revenues Miss

1. Nu Holdings reported quarterly earnings of 13 cents per share. 2. Quarterly revenue reached $3.66 billion, missing estimates of $3.77 billion. 3. Customer growth hit 4.1 million, totaling 122.7 million globally. 4. ARPAC increased to $12.2, while the activity rate stood at 83.2%. 5. Nu's net income nearly tripled to $637 million over two years.

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FAQ

Why Bullish?

Despite revenue miss, strong customer growth and profitability indicate solid fundamentals.

How important is it?

Strong customer growth and ARPAC can drive future revenue potential.

Why Short Term?

The market will likely respond positively to growth metrics in the near term.

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