Stock plummets and CFO resigns as revenue falls short

  • dLocal shares fall 13% after CFO departs and 3Q revenue misses
  • Stock down to $16.35 in after-hours trading
  • Chief Financial Officer Diego Cabrera Canay steps down
  • Company to appoint new principal accounting officer and senior VP
  • Profit of $40.4 million in 3Q, in line with estimates
  • Revenue rises 47% to $163.9 million, but misses forecast

Shares of dLocal dropped 13% to $16.35 in after-hours trading following the departure of their Chief Financial Officer, Diego Cabrera Canay. The company’s third-quarter revenue missed estimates, coming in at $163.9 million, a 47% increase but falling short of the forecasted $165.5 million. Despite this, dLocal posted a profit of $40.4 million, in line with analysts’ expectations. The company plans to appoint a new principal accounting officer and senior vice president to fill the vacancy left by Canay.

Public Companies: dLocal (N/A)
Private Companies:
Key People: Diego Cabrera Canay (Chief Financial Officer), Pedro Arnt (Co-Chief Executive)

Factuality Level: 8
Justification: The article provides factual information about dLocal’s finance chief stepping down, the stock price drop, and the company’s financial results. The information is supported by specific figures and statements from the company’s executives. However, the article does not provide any analysis or context beyond the basic facts.

Noise Level: 3
Justification: The article provides relevant information about dLocal’s finance chief stepping down and the company’s financial performance in the third quarter. It includes details about the stock price, the CFO’s departure, and the company’s profit and revenue figures. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Shares of dLocal

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the financial performance of dLocal, a payments platform. The company’s finance chief stepping down and the missed revenue estimates may impact the company’s stock and investor sentiment.

Reported publicly: www.marketwatch.com