Giro's Newsletter
Please enter at least 3 characters

earnings release

12 posts
STNE 1Q22: Not a Turning Point, Yet public
earnings release • 7 min read

STNE 1Q22: Not a Turning Point, Yet

I’ll never forget when I read Mr. Piau’s comment about acquiring the 5% of Banco Inter. My first concern was the funding, so I started asking the street, and Stone was issuing its first bond. I was amazed.…
Giro Lino •
$NU 1Q22: The Purple Wave public
LatAmCompanies • 7 min read

$NU 1Q22: The Purple Wave

Nubank reported a $45mn net loss vs. the company-provided consensus of a $77mn loss. Similar NPL rises to the incumbent consumer segment, but without payroll and mortgage to smooth the hit.…
Giro Lino •
Food for Thought #16 public
FoodForThought • 8 min read

Food for Thought #16

The week's most significant event was the FOMC decision to increase the Fed Funds Rate (“FFR”) by 50bps. Also, Powell said that 50bp increases in the FFR should be on the table at the next couple of meetings.…
Giro Lino •
3R Petroleum 1Q22 public
DailyCrunch • 3 min read

3R Petroleum 1Q22

Adjusted EBITDA for the quarter came at R$199mn (+150% YoY). After adjusting for a one-off of R$11mn (goodwill from Areia Branca), adj. Ebitda was R$209mn, a touch above our expectations.…
Giro Lino •
Cielo 1Q22 public
DailyCrunch • 3 min read

Cielo 1Q22

We were surprised by Cielo’s earnings, which was the 6th beat in a row to market consensus. In addition, Consolidated Net Income reached R$ 184.6mn in 1Q22 (+10% above Street), +35.9% YoY, due to excellent well cost control.…
Giro Lino •
XP 2Q22 public
DailyCrunch • 4 min read

XP 2Q22

XP reported weaker-than-expected 1Q22 results after the market close. A softer quarter was already expected after KPIs were published on Apr 13th, but the numbers were disappointing.…
Giro Lino •
What Really Happened to AMZN? public
DailyCrunch • 7 min read

What Really Happened to AMZN?

I spent roughly a dozen hours digging into AMZN’s reports, reading management’s and industry experts’ transcripts to figure out what happened to Amazon.…
Giro Lino •
Food for Thought #15 public
FoodForThought • 8 min read

Food for Thought #15

FOMC is Approaching; Uninspiring Earnings Season; Technical Doesn’t Help; Neither Does Amazon; Last Hope; Meanwhile in China; Politburo Highlights; Reiterating the View…
Giro Lino •
Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Giro's Newsletter.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.