Why dLocal Stock Fell Today

Shares of dLocal (DLO -17.49%) plunged 17.5% on Tuesday after the Uruguay-based fintech announced weaker-than-expected quarterly results.DLocal's "extraordinary" results just weren't enoughFourth-quarter 2023 revenue grew 59% year over year to $188 million, translating to adjusted (non-IFRS) net income of $40.6 million, or $0.14 per share. Analysts on average were modeling slightly higher adjusted net income of $0.15 per share, but lower revenue of $173.2 million.Within dLocal's results, fourth-quarter tota ...