Nu Holdings reported Q1 GAAP EPS of $0.18, below the $0.19 analyst forecast, despite year-over-year growth.
Nu Holdings (NU) stock fell 10% in after-hours trading after its first-quarter earnings and revenue fell short of Wall Street expectations. The company posted GAAP earnings per share of $0.18, missing the average analyst estimate of $0.19.
The $0.18 EPS marked an increase from $0.11 in the same quarter last year. Revenue growth also lagged projections, contributing to the stock decline. Analysts had anticipated stronger performance amid the fintech’s expansion.
Shares retreated sharply following the release, reflecting investor disappointment with the quarterly results.