By Josh Beckerman
Shares of Brazilian financial technology company PagSeguro Digital Ltd. were down 19% at $13.99 after it reported first-quarter earnings on Wednesday.
PagSeguro said revenue rose 66% to 3.43 billion reals ($701 million), while net income rose 29% to 350 million reals.
Payment volume rose 87%, reflecting factors including higher engagement for day-to-day banking such as deposits, bill payments and mobile top-up.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
06-09-22 1311ET