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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