DLocal Limited (DLO) stock experienced a significant pre-market plunge of 22.11% on Friday, following the company's release of its Q4 2024 financial results that missed analysts' expectations.
According to the earnings report, DLocal reported Q4 2024 GAAP earnings per share of $0.10, falling short of the consensus estimate of $0.13. The company also reported revenue of $204.5 million, missing the expected $204.773 million.
The disappointing earnings results appear to have caught investors off guard, raising concerns about the company's growth prospects and future profitability. The weaker-than-expected performance in the fourth quarter prompted investors to reassess their positions in DLocal, leading to the significant sell-off witnessed in the pre-market trading session.
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