Why DLocal Is Plunging More Than 20% Today

Shares of DLocal Limited (NASDAQ: DLO) are down to the tune of 21% as of 12:47 p.m. ET on Wednesday following the release of third-quarter results that fell short of estimates.

Uruguay-based payment platform DLocal had no problem growing its business last quarter. Revenue of $68.6 million was up 123% year over year, producing adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $26.3 million, versus a year-ago EBITDA figure of $12.5 million. Net income of $0.06 per share doubled the figure of $0.03 per share reported for the third quarter of 2020.

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Source Fool.com