dLocal shares are trading lower after the company reported worse-than-expected Q3 financial results and reaffirmed FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
dLocal shares dropped following a Q3 earnings report that missed expectations and a reaffirmation of FY23 revenue guidance that fell short of estimates.
November 21, 2023 | 9:12 pm
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NEGATIVE IMPACT
dLocal's stock price is likely to face downward pressure in the short term due to the reported earnings miss and underwhelming revenue guidance for FY23.
Stock prices often react negatively to earnings reports that do not meet analyst expectations. The reaffirmation of lower-than-expected revenue guidance for the full year can further dampen investor sentiment, leading to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100