'Bolsonaro Leads Lula in Brazil Runoff After First Round Surprise' - Bloomberg
https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise
Stocks · News reference
StoneCo Q2 Adj. EPS $0.47 Beats $0.46 Estimate, Sales $709.433M Miss $731.180M Estimate
StoneCo (NASDAQ:STNE) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.46 by 2.17 percent. This is a 14.63 percent increase over earnings of $0.41 per share from the same
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Why StoneCoStock Soared Today
StoneCo stock surged 24.8% on October 5, 2026, following Brazil's first round of presidential elections where conservative candidate Flávio Bolsonaro outpolled incumbent President Lula da Silva (47.3% vs 44.8%). Investors are optimistic that a Bolsonaro victory in the October 25 runoff could benefit the Brazilian economy and StoneCo, a Brazilian e-commerce software company. The stock is valued at 3.6x trailing earnings with forecasted 16% annual earnings growth.
Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.
Brazilian Stocks Rally 14%, Eye Best Day Since 2020 After Bolsonaro's First-Round Victory
Brazil stocks: the iShares MSCI Brazil ETF jumps 13% after Flávio Bolsonaro beats Lula in the first round, setting up an Oct. 25 runoff.