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Why DLocal Stock Is Plunging Wednesday
DLocal Ltd (NASDAQ:DLO) shares are trading down Wednesday following weaker-than-expected earnings for the first quarter.
What Happened: DLocal reported earnings on Tuesday after the market close. The company turned in GAAP EPS of 6 cents, missing analyst estimates for EPS of 12 cents.
In addition, DLocal reported sales of $184 million, missing analyst estimates of $189.98 million. Revenue was up 34% on ...