| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
DLocal Ltd (NASDAQ:DLO) shares are trading down Wednesday following weaker-than-expected earnings for the first quarter.
What Happened: DLocal reported earnings on Tuesday after the market close. The company turned in GAAP EPS of 6 cents, missing analyst estimates for EPS of 12 cents.
In addition, DLocal reported sales of $184 million, missing analyst estimates of $189.98 million. Revenue was up 34% on a year-over-year basis, but fell 2% quarter-over-quarter.
The company reported $5.3 billion in total payment volume, up 49% year-over-year. DLocal also reported adjusted EBITDA of $37 million, down 19% year-over-year.
Related Link: DLocal, Allogene Therapeutics And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session
DLocal said it’s working on delivering on its 2024 guidance, but noted that there is now a “greater likelihood of coming in towards the lower end of the issued ranges.”
Following the company’s quarterly results, Goldman Sachs maintained DLocal with a Buy rating and lowered the price target from $18 to $16. In addition, Susquehanna maintained a Positive rating on the stock with a price target of $21.
DLO Price Action: DLocal shares are down 24.2% at $10.30 at the time of writing Wednesday, according to Benzinga Pro.
Image: Stocks Photo by WHYFRAME on Shutterstock
Posted In: DLO
