Brazil's Nubank beats estimates with third-quarter adjusted profit

Reuters
2024-11-14
Brazil's Nubank beats estimates with third-quarter adjusted profit

SAO PAULO, Nov 13 (Reuters) - Brazilian digital lender Nubank's NU.N adjusted net profit more than doubled in the third quarter from year earlier on a foreign-exchange neutral basis, it said on Wednesday.

Nubank, which is backed by Warren Buffett, reported an adjusted net profit for the quarter ended in September of $592 million, above the $559 million expected by analysts polled by LSEG.

(Reporting by Andre Romani; Editing by Kylie Madry)

((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))

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