DLO Stock Recent News

MONTEVIDEO, Uruguay, April 23, 2024 (GLOBE NEWSWIRE) -- DLocal Limited (NASDAQ: DLO, “dLocal” or the “Company”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, intends to release financial results for its first fiscal quarter ended March 31, 2024 on May 14, 2024 after market close.

The past couple of years have been an uphill battle for fintech stocks. Despite strong underlying business performance, most names in the space have lagged the broader market's recovery.

Nasdaq stocks tend to be more tech oriented. They also tend to be more expensive.

Cross-border payment platform dLocal is partnering with payroll and payments platform Papaya Global to drive global workforce payments. Through the partnership, the companies aim to enable global firms to pay employees worldwide in local currencies in a timely fashion, according to a Tuesday (April 9) news release.

If there's anything I've learned from years of covering the market, it's that Wall Street loves growth stocks. Fast-growing companies tend to attract investor attention and deliver stellar returns relative to value stocks.

Investors looking for stocks in the Financial Transaction Services sector might want to consider either PagSeguro Digital Ltd. (PAGS) or DLocal (DLO).

The Uruguay-based fintech said it is investing this year to position itself for sustained long-term growth and operating leverage. If that plan works, this pullback could prove to be an excellent buying opportunity.

DLocal Limited (DLO) Q4 2023 Earnings Call Transcript

Uruguayan digital payments company dLocal said on Tuesday it is looking at possible acquisitions aimed at boosting its commercial distribution, services and geographic footprint.

Short-term pain for long-term gains.