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South American Fintech dLocal Reports Mixed Q2 Results: EPS Beat, Revenues Miss
Fintech company dLocal Ltd (NASDAQ:DLO) reported its second-quarter financial results Wednesday. Here's a look at the details from the report.
The Details: dLocal reported quarterly earnings of 15 cents per share, which beat the analyst consensus estimate by 50%. However, quarterly revenue of $171 million missed the analyst consensus estimate of $207.14 million by 17.45%.
The company said the quarter-over-quarter revenue decline was mostly driven by the currency devaluation in Nigeria and Egypt, despite healthy Total Payment Volume (TPV) growth.
Total ...