|Bid||23.24 x 900|
|Ask||23.96 x 1400|
|Day's Range||22.20 - 24.39|
|52 Week Range||15.19 - 73.43|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||108.26|
|Earnings Date||Nov 16, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||39.89|
On the call today, I'm joined by Sebastian Kanovich, our chief executive officer; Sumita Pandit, our chief operating officer; and Diego Cabrera Canay, our chief financial officer. Adding new countries and establishing multiple local connections is complex, and merchants value the infrastructure network we are creating.
Shares of dLocal Limited (NASDAQ: DLO) charged sharply higher Wednesday, gaining as much as 33.2%. The catalyst that sent the Uruguayan fintech higher was its quarterly financial report, which illustrated robust growth that outpaced expectations. The company's net income improved by 56% to $26.3 million, resulting in earnings per share of $0.08.
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.