Nu Holdings Q2 profit rises to $1.06 billion

Earnings
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Summary · why it matters

Nu Holdings Ltd. reported a second-quarter profit of $1.060 billion, or $0.2162 per share, up from $636.84 million, or $0.1300 per share, in the same period last year. Revenue for the quarter rose 50.3% to $5.513 billion from $3.668 billion a year earlier.

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Q2 profit and revenue rose strongly, beating prior year.