Why DLocal Stock Is Plunging Wednesday
Portfolio Pulse from Dylan Berman
DLocal Ltd (NASDAQ:DLO) shares are plunging after the company reported weaker-than-expected earnings for Q1. The company missed analyst estimates for both EPS and sales, despite showing year-over-year growth in revenue and total payment volume. Goldman Sachs and Susquehanna have maintained their ratings but lowered their price targets.
May 15, 2024 | 4:02 pm
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DLocal Ltd reported weaker-than-expected Q1 earnings, missing analyst estimates for both EPS and sales. Despite year-over-year growth in revenue and total payment volume, the stock is down 24.2%. Goldman Sachs and Susquehanna have maintained their ratings but lowered their price targets.
The significant miss on both EPS and sales estimates has led to a sharp decline in DLocal's stock price. The lowered price targets from major analysts further contribute to the negative sentiment.
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