US Stock Market Move | Q3 revenue falls short of expectations, Nu Holdings (NU.US) drops more than 7%

On Thursday, Nu Holdings (NU.US) opened significantly lower, falling more than 7% to $14.48 as of the time of writing. News-wise, Nu Holdings' third quarter revenue fell below expectations. Diluted earnings per share were $0.1132, higher than the $0.0624 from the same period last year, while analysts surveyed by Capital IQ had predicted $0.10. Quarterly revenue as of September 30 increased from $21.4 billion last year to $29.4 billion, slightly below the $29.5 billion expected by analysts surveyed by Capital IQ.