Nu Stock Mostly Flat After Q3 Earnings: EPS Beat, Revenues Beat

Benzinga

Nu Holdings beat third-quarter estimates with strong earnings and revenue while maintaining one of the highest dividend yields in its sector. The company has raised its dividend five times in the past three years, though shares dipped slightly in extended trading.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02New Holdings reported third-quarter earnings of $0.17 per share and revenue of $4.17 billion,

00:09beating analyst estimates on both metrics, according to data from Benzinga Pro.

00:14New Holdings pays a quarterly dividend of $0.39 per share, with a 3.36 percent yield,

00:20above the SPDRS and P500 ETF's 1.11 percent yield.

00:26The company has raised its dividend five times in the past 12 quarters, representing an annualized

00:31growth rate of 15.26 percent.

00:34Shares traded down 0.71 percent to $15.70 in extended hours.

00:39For all things money, visit Benzinga.com.

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