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 have declined following the release of their Q3 financial results, which fell short of expectations. Additionally, the company has reaffirmed its full-year 2023 revenue guidance, which is also below analyst estimates.
November 22, 2023 | 1:38 pm
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NEGATIVE IMPACT
dLocal's stock price is likely to experience a short-term decline due to the reported earnings miss for Q3 and the reaffirmation of a lower than expected revenue guidance for FY23.
Stock prices often react negatively to earnings misses and lower revenue forecasts, as these are key indicators of a company's financial health and future performance. The reaffirmation of a revenue guidance below estimates suggests that the company does not anticipate a significant improvement in the near term, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100