DLocal Shares Rise 17% on 3Q Revenue Beat

Dow Jones

2024-11-14

By Denny Jacob

DLocal shares rose 17% after better-than-expected revenue in its latest quarter.

Shares were trading around $10.55. The stock is down 49% on the year.

The online payments-focused company recorded revenue of $185.8 million, a 13% increase from a year earlier. Analysts polled by FactSet expected $181.5 million.

DLocal said its 8% sequential increase in revenue was mostly driven by performance in Argentina and Egypt, among other markets.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 14, 2024 06:42 ET (11:42 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The stock is down 49% on the year.The online payments-focused company recorded revenue of $185.8 million, a 13% increase from a year earlier. Analysts polled by FactSet expected $181.5 million.DLocal said its 8% sequential increase in revenue was mostly driven by performance in Argentina and Egypt, among other markets.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DLO":"DLocal Limited"},"translate_title":"DLocal股价因第三季度营收超出预期而上涨17%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DLO":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  DLocal shares rose 17% after better-than-expected revenue in its latest quarter. \n\n\n  Shares were trading around $10.55. The stock is down 49% on the year. \n\n\n  The online payments-focused company recorded revenue of $185.8 million, a 13% increase from a year earlier. 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