By Ben Glickman
StoneCo’s profit more than doubled in the third quarter after revenue surged ahead of estimates. The Brazilian financial services company said its top line increase was caused by more active clients and improvements to its commercial policy. Shares rise 5.4%, to $11.30, after-hours.
American Electric Power outlined a $43 billion capital plan Friday, with more than $27 billion going to transmission and distribution investments. The utility company also issued 2024 adjusted earnings guidance of $5.53 to $5.73 a share, compared with the $5.59 a share expected by analysts.
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