PagSeguro Shares Pop On Q3 Preliminary Results, Names New COO

Financial technology solutions provider PagSeguro Digital Ltd PAGS reported preliminary third-quarter FY21 consolidated total payment volume (TPV) growth of 85% year-on-year to R$125.0 billion.
The acquiring TPV grew 49% Y/Y to R$66.8 billion. Ex-Coronavoucher, acquiring TPV was up 58% Y/Y.
The PagBank active users grew by 1 million to 12.2 million.
PagBank PagSeguro will release its Q3 FY21 results on November 11, after market close.
Additionally, the board appointed company veteran Alexandre Magnani as the COO.
Price Action: PAGS shares traded higher by 8.16% at $35 in the market session on the last check Tuesday.