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DLocal plummets 20% on Q3 miss, CFO steps down

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© Reuters. DLocal plummets 20% on Q3 miss, CFO steps down

DLocal Limited (DLO) shares dropped 20% after-hours following the company’s reported Q3 results, with EPS of $0.13 coming in worse than the consensus estimate of $0.15. Revenue grew 47% year-over-year to $163.9 million, missing the consensus estimate of $166M.

Total Payment Volume (TPV) reached a record $4.6 billion in Q3, representing a 69% year-over-year growth.

The company reaffirmed its full-year guidance, expecting revenue to be in the range of $620-$640M, below the consensus estimate of $645.96M. Adjusted EBITDA is seen at $200-$220M.

Furthermore, the company announced that its CFO, Diego Cabrera Canay, decided to step down from his position to pursue new opportunities.

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