The Brazilian digital bank reported Q2 GAAP EPS of $0.22, exceeding expectations amid higher customer engagement and revenue growth.
Nu Holdings (NU) shares rose 8.2% in after-hours trading after reporting stronger-than-expected Q2 earnings. The company posted a GAAP EPS of $0.22, beating consensus estimates as purchase volume and average revenue per customer climbed.
Analysts had anticipated softer results, but increased customer activity drove revenue above projections. The bank’s growth aligns with broader trends in digital banking adoption in Latin America.
The stock’s gain reflects investor confidence in Nu Holdings’ ability to sustain momentum in a competitive fintech landscape.