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Why Shares of dLocal Are Falling Today

TheMotleyFool

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Why Shares of dLocal Are Falling Today: https://g.foolcdn.com/editorial/images/727224/generic-downward-11.jpg

Shares of the Uruguayan payments company dLocal (NASDAQ: DLO) were trading roughly 15% lower at 10:15 a.m. ET today after the company reported earnings results for the fourth quarter of the year.

In the fourth quarter, dLocal reported diluted earnings per share of $0.06 on total revenue of $118 million, both numbers that missed analyst estimates for the quarter.

dLocal also had $3.3 billion of total payment volume in the fourth quarter, which is up 78% year over year. However, the company's profit margin of 16% in the quarter is down from 31% in the fourth quarter of last year.

Source Fool.com

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