Nu Holdings Ltd., one of the world’s largest digital banks, beat analyst estimates in the second-quarter while posting record revenue and profit despite headwinds from weaker local currencies in Latin America.
Nubank, as the company is known, recorded $2.8 billion in revenue in the quarter through June 30 compared with a median estimate of $2.66 billion in a Bloomberg survey. Net income more than doubled from a year earlier to $487 million, surpassing analyst expectations of $418 million.
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