Nu Holdings Ltd. (NYSE:NU) shares are trading nearly 10% higher in Friday’s pre-market trading, even as the company reported mixed earnings for the second quarter.
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Nu Holdings Earnings Meet Expectations
The firm’s quarterly earnings of 13 cents per share came in line with analyst estimates, while revenue came in at $3.66 billion, missing expectations.
The company’s customer base rose 17% year-over-year to 122.7 million. The Monthly Average Revenue per Active Customer crossed the $12 mark for the first time, reaching $12.2 in the second …