DLocal Limited's stock experienced a sharp decline of 5.04% in after-hours trading following the release of its first-quarter financial results.
The fintech company reported earnings per share of $0.14 for the quarter, falling short of the $0.15 analyst estimate. While revenue of $335.9 million surpassed expectations of $333.1 million, net profit decreased by 10% year-over-year to $41.9 million, missing analyst forecasts.
Investors reacted negatively to the declining profitability metrics despite strong top-line growth, including a 73% increase in total payment volume and 55% revenue growth. The company's guidance remained unchanged for future periods.
Comments