Streetbeat News

DLO

DLocal Limited

https://www.dlocal.com

Industry

Software - Infrastructure

DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries. DLocal Limited was founded in 2016 and is headquartered in Montevideo, Uruguay.

Open

10.30

Mkt cap

2.8B

Volume

2.3M

High

10.35

P/E Ratio

22.48

52-wk high

19.45

Low

9.61

Div yield

N/A

52-wk low

6.58

Several US stocks recorded gains on Wednesday, with DLocal Limited, Eos Energy Enterprises, Rackspace Technology, Stride, National CineMedia, The Progressive Corporation, InnovAge Holding, H&R Block, Performance Food Group Company, Target Corporation, and AngioDynamics all seeing increases. This was largely due to better-than-expected financial results for Q2 and Q4, as well as raised revenue guidance and dividends.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 2:06 pm

DLocal Limited (NASDAQ:DLO) reported better-than-expected Q2 financial results and reaffirmed its full-year guidance, leading to a surge in its stock price. Q2 revenue increased 59% YoY to $161.1 million, beating the consensus estimate of $151.18 million. The company also reported quarterly earnings of 15 cents per share, surpassing estimates of 13 cents per share. Following the announcement, Susquehanna analyst James Friedman maintained a Positive rating for DLocal and raised the price target from $18 to $24.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:39 pm

Susquehanna analyst James Friedman maintains a positive outlook on DLocal (NASDAQ:DLO) and has raised the price target from $18 to $24.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 12:48 pm

DLocal's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also reaffirmed its FY23 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:37 pm

Shares of several companies including Novo Integrated Sciences, EBET, DLocal Limited, Precision BioSciences, T2 Biosystems, STRATA Skin Sciences, The Alkaline Water Company, Lineage Cell Therapeutics, Tivic Health Systems, and Biophytis S.A. are trading higher in pre-market due to various reasons such as better-than-expected financial results, strategic transactions, and strong quarterly results. On the other hand, shares of Sacks Parente Golf, Coherent Corp., Castellum, Greenbrook TMS, Carmell Therapeutics Corporation, SRM Entertainment, SCYNEXIS, Tower Semiconductor, Trevena, and Mercury Systems are trading lower in pre-market due to reasons such as downbeat quarterly results, pricing of IPO, termination of merger deal, and weak forecasts.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:19 pm

The article highlights five stocks to watch on Wednesday: The TJX Companies, Inc. (TJX), Mercury Systems, Inc. (MRCY), JD.com, Inc. (JD), DLocal Limited (DLO), and Cisco Systems, Inc. (CSCO). TJX is expected to post quarterly earnings of 76 cents per share on revenue of $12.42 billion. MRCY reported weaker-than-expected Q4 results and issued a weak FY24 forecast. JD is expected to have earned 67 cents per share on revenue of $38.66 billion. DLO reported better-than-expected Q2 results and reaffirmed FY23 revenue guidance. CSCO is expected to report quarterly earnings of $1.06 per share on revenue of $15.05 billion.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 8:09 am

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.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 8:32 pm

DLocal's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also reaffirmed its FY23 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:20 pm

DLocal has reaffirmed its FY23 revenue guidance of between $620M-$640M, compared to the estimated $631.43M. The company also expects its adjusted EBITDA to be between $200M-$220M.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 8:02 pm

dLocal has appointed Pedro Arnt as Co-CEO, who will work alongside Sebastián Kanovich. The company has not provided further details about this appointment.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:01 pm

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