BRICS

13 Aug

Nubank Posts Record Revenue, Profit While Boosting Credit

stp2y0 CommentsRAG modelsAmericas, brazil, BRICS, Colombia, Emerging Markets, finance, Guilherme Marques do Lago, industries, Latin America, Mexico, Technology

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. Source link lol

06 Aug

Mitsubishi Heavy Shares Soar as Turbine Engine Sales Help Profit

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Mitsubishi Heavy Industries Ltd. shares jumped the most on record after the manufacturing conglomerate posted a 61% increase in quarterly profit, helped by strong sales of gas turbine engines.The Japanese company reported a business profit of ¥83.5 billion ($572 million) for the three months ended June 30, according to a statement Tuesday, after selling six large-scale gas turbines in the US and Asia. That beat analyst estimates of ¥57 billion. Net sales were ¥1.1 trillion, slightly higher than what the market was looking for. Source link lol