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The Pag-Seguro Company (NYSE: PAGS) released its financial statements for the first quarter, in which it was below expectations and revenues that missed the expectations of the analysts.
The company reported earnings per share of R$1.24 and revenues of R$3.96B. Investing.com analysts expected earnings per share of R$1.25 and revenue of R$4.1B.
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Pag-Seguro’s share price is down 3.2% since the beginning of the year, and is now still 62.03% below its 52-week high of R$22.28 set for March 24, 2022.
After the publication of the reports, Pag-Seguro added 6.38% to its value and is trading at a rate of R$9.00 during trading hours after the close.
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