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Nu Holdings added 4.5 million customers but missed Q4 revenue targets, causing its stock to drop 7.27%.
Nu Holdings, a digital banking firm, reported Q4 earnings that missed revenue expectations but added 4.5 million customers, totaling 114.2 million.
The stock fell 7.27% to $12.37 in after-hours trading.
Despite a lower revenue of $2.99 billion, the company saw a 22% year-over-year increase in customers and a 55% rise in total deposits.
Analyst ratings range from "Sell" to "Buy" with a consensus of "Hold" and a target price of $15.80.
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Nu Holdings añadió 4,5 millones de clientes, pero no alcanzó los objetivos de ingresos del Q4, lo que provocó que su stock bajara un 7,27%.