DLocal Stock Surges Into The Close On Earnings Leak, Continues To Climb After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
DLocal Limited's (NASDAQ:DLO) shares surged over 13% after its Q2 financial results were leaked. The company reported a 59% YoY increase in revenue to $161.1 million, beating the consensus estimate of $151.18 million. Earnings per share were 15 cents, surpassing estimates of 13 cents. DLocal also appointed Pedro Arnt as co-CEO and reaffirmed its full-year revenue guidance of $620 million to $640 million.
August 15, 2023 | 8:32 pm
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POSITIVE IMPACT
DLocal's Q2 results beat estimates, leading to a surge in its stock price. The appointment of a new co-CEO and reaffirmed full-year guidance could further boost investor confidence.
DLocal's better-than-expected Q2 results and the appointment of a new co-CEO are positive news that have led to a surge in its stock price. The company's reaffirmed full-year guidance also indicates confidence in its future performance, which could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100