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DLocal Stock Is Diving. Earnings Were a Disappoint.

DLocal Stock Is Diving. Earnings Were a Disappoint.

Shares of dLocal were tumbling after the payments platform delivered disappointing quarterly results. DLocal stock dropped 29% to $9.61 in trading Wednesday and was on track for its largest decline since Nov. 16, 2022, when it lost 51%, according to Dow Jones Market Data. Total payment volume rose 49% to $5.31 billion.