Uruguay Fintech Dlocal Plunges 17.5% on Earnings Miss, Outlook [BNN Bloomberg (Canada)]
DLocal Limited - Class A Common Shares (DLO)
Company Research
Source: BNN Bloomberg
forecasts and flagged that higher spending on its operations would weigh on margins this year. Dlocal's stock price dropped 17.5% to close at $15.00 on Tuesday in New York. The company posted a fourth quarter profit of $28.5 million, well below analysts' estimates for $45.4 million. The company's 2024 investment plan to hire more engineers will lead to “some margin contraction short-term,” co-CEO Pedro Arnt told reporters earlier Tuesday in a conference call with reporters. Dlocal will prioritize spending its hefty cash balances on acquisitions and more share buybacks going forward, co-president Sergio Fogel added. Dlocal had $223 million of its own cash on its balance sheet at the end of December after it completed a $100 million share buyback program in 2023. The company's fourth quarter revenue and gross profit growth was trimmed by the devaluation of the Argentine peso and a drop in cross border payments from that country. Dlocal purchased $103 million in Argentine governm
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DLO
News
- dLocal to Report First Quarter 2024 Financial ResultsGlobeNewswire
- DLocal Limited (NASDAQ: DLO) is now covered by analysts at Citigroup Inc.. They set a "neutral" rating and a $17.00 price target on the stock.MarketBeat
- Implied Volatility Surging for DLocal Limited (DLO) Stock Options [Yahoo! Finance]Yahoo! Finance
- DLocal Limited (NASDAQ: DLO) had its price target lowered by analysts at HSBC Holdings plc from $19.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- DLocal Limited (NASDAQ: DLO) had its price target lowered by analysts at JPMorgan Chase & Co. from $17.50 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
DLO
Earnings
- 3/18/24 - Miss
DLO
Sec Filings
- 3/19/24 - Form 20-F
- 3/19/24 - Form 6-K
- 2/9/24 - Form SC
- DLO's page on the SEC website