In today’s pre-market session, U.S. stock futures opened lower, with the Dow futures down by approximately 50 points. Amidst this backdrop, DLocal Limited DLO encountered a sharp decline in pre-market trading following the release of its mixed fourth-quarter financial results, guidance, and the appointment of a new CFO.
DLocal’s quarterly earnings of 10 cents per share missed the analyst consensus estimate of 15 cents by 33.33%. However, the company outperformed in terms of sales, reporting $188 million, surpassing the consensus estimate of $173.686 million.
The introduction of Mark Ortiz as dLocal’s CFO, effective April 15, was also revealed in the wake of these financial disclosures.
Reflecting this news, DLocal shares experienced a 13.3% decline to $15.77 in pre-market trading.
Among the roster of big-name stocks witnessing downturns in today’s pre-market trading session were other key players:
- StoneCo Ltd. STNE saw a 9.8% drop to $15.75.
- MicroStrategy Incorporated MSTR recorded a 9.2% decline to $1,365.00 due to recent offerings.
- Bitdeer Technologies Group BTDR experienced an 8.4% decrease to $6.78 following a financial filing.
- Beyond Meat, Inc. BYND observed a 7.9% decline to $7.65 upon filing for a securities shelf offering.
- Brand Engagement Network, Inc. BNAI underwent a 6.2% dip to $12.90 after a significant surge the previous day.
- Coinbase Global, Inc. COIN faced a 5.4% decline to $226.69 amid Bitcoin price fluctuations.
- CleanSpark, Inc. CLSK saw a 5.3% drop to $16.54 despite analyst ratings adjustments.
- PagSeguro Digital Ltd. PAGS registered a 3.5% decrease to $13.58 following an analyst upgrade.
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