dLocal Q2 Profit Soars 28% to $127M, Crushing Estimates
DLO sits 36% above its 52-week low of $10.64.
Summary
dLocal reported Q2 profit of $127 million, up 28% year-over-year and more than double the $56.1 million analysts expected. Revenue jumped 56% to $399.7 million, also beating the $368.8 million consensus. The payments provider operates in over 40 emerging markets, and this blowout quarter suggests strong underlying growth in those regions. The results follow a series of insider Form 144 filings in early August, but those were pre-planned 10b5-1 sales and are unlikely to reflect on this quarter's performance. With earnings far above expectations, the stock is likely to re-rate higher as the market digests the magnitude of the beat.
At the time of this announcement, DLO was trading at $14.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $10.64 to $16.78. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.