In this article, we will take a look at the top 10 losers on Tuesday. If you want to check out some other stocks losing value today, go directly to Top 5 Losers on Tuesday. Microblogging platform Twitter, Inc. (NYSE:TWTR), pharmaceutical giant Pfizer Inc. (NYSE:PFE) and communications technology company Zoom Video Communications, Inc. (NASDAQ:ZM) were among the top […]
Dlocal Ltd (NASDAQ: DLO) reported second-quarter revenue growth of 71.6% year-over-year to $101.2 million, beating the consensus of $98.53 million. Total Payment Volume reached $2.4 billion in Q2, an increase of 67% Y/Y. The net revenue retention rate reached 157% for Q2. Revenue from New Merchants was $8.7 million. EPS was $0.10, in line with the consensus of $0.10. The gross margin contracted by 825 bps to 49.1%, and the operating margin was 34.7%, compared to 32.1% in 2Q21. Adjusted EBITDA gr
The company, which expanded into Rwanda and the Ivory Coast in the first quarter, continues to see opportunities for growth following strong numbers posted Tuesday, Chief Operating Officer Sumita Pandit said. Shares in dLocal, which trades on the U.S.-based Nasdaq Stock Market, were up 31% by mid-morning. Due to a balanced portfolio, dLocal does not expect to see major hits due to geopolitical tensions, rising inflation or higher interest rates in some markets, Chief Executive Sebastian Kanovich said.