DLocal Q3 EPS $0.13 Misses $0.15 Estimate, Sales $163.92M Miss $168.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
DLocal reported Q3 earnings of $0.13 per share, missing the consensus estimate of $0.15, and sales of $163.92M, below the expected $168.51M. Despite the miss, earnings and sales increased by 30% and 46.54% respectively compared to the same period last year.
November 21, 2023 | 9:10 pm
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NEGATIVE IMPACT
DLocal's Q3 earnings and sales missed estimates but showed significant year-over-year growth. Earnings per share were up 30% and sales up 46.54% from the same quarter last year.
Missing both earnings and sales estimates is likely to have a negative short-term impact on DLocal's stock price. However, the significant year-over-year growth in both metrics may mitigate some of the negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100