(RTTNews) – Shares of DLocal Ltd. (DLO) are sliding more than 12 percent on Wednesday morning trade after reporting a decline in fourth-quarter profit that missed the estimates.
Quarterly profit was $19.36 million or $0.06 per share compared to $23.55 million or $0.08 per share in the prior year. Wall Street analysts were looking for earnings of $0.11 per share.
Currently, shares are at $14.85, down 12.34 percent from the previous close of $16.94 on a volume of 1,804,853.
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