Shares of Uruguayan payments company DLocal (NASDAQ: DLO) traded 14% lower as of 10:13 a.m. ET today after the company reported earnings results for the second quarter of the year.

DLocal reported diluted earnings per share of $0.10 on total revenue of $101.2 million, both numbers that slightly beat analyst estimates for the quarter.

Total payment volume across DLocal's platform in Q2 hit roughly $2.4 billion in the quarter, which is up 67% year over year and up 16% from the first quarter of 2022.

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Source Fool.com