-=PagSeguro Digital (PAGS) reported earnings on Thur 15 Aug 2019 (a/h)

Brazilian payments stock PagSeguro Digital (PAGS) met earnings views and beat on revenue late Thursday after its Warren Buffett-backed rival, IPO stock StoneCo (STNE), reported Q2 earnings late Wednesday that sent shares diving.

PagSeguro Earnings
Estimates: PagSeguro earnings per share are seen climbing 18% to 26 cents. Revenue is seen popping 19% to $332 million.

Results: EPS of 1.042 Brazilian reai, or about 26 cents, on revenue of 1.39 billion reais, or about $348 million. Adjusted net margin dipped to 24.7% from 24.8% a year ago.

Total payment volume jumped 59% to 26.75 billion reais. Active merchants surged 35% to 4.7 million. The company also reported 9.4 million unique active accounts and 1.4 million active PagBank users.

PagSeguro stock jumped 8.6% late after closing up 1.6% at 46.52 on the stock market today, continuing to consolidate and finding support at the 50-day line. Its relative strength line has tailed off somewhat after making strong progress since late April.