We recently published a list of 10 Battered Stocks on Friday. In this article, we are going to take a look at where DLocal Limited (NASDAQ:DLO) stands against other battered stocks on Friday.
The stock market ended the trading week in the green territory, with all major indices gaining more than 1 percent after slipping into the negative territory at intra-day trading following a clash between US President Donald Trump and Ukrainian leader Volodymyr Zelensky at the White House.
Following the televised meeting, the two leaders concluded the encounter without a deal for joint development of mineral resources.
The Dow Jones jumped by 1.39 percent, the S&P 500 surged by 1.59 percent, and the Nasdaq soared by 1.63 percent.
Ten companies bucked a broader market optimism, with three stocks heavily battered by disappointing earnings results, losing more than 20 percent in their valuations.
In this article, we have detailed the reasons behind their weak performance.
To come up with Friday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
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DLocal Limited (NASDAQ:DLO)
DLocal Limited (NASDAQ:DLO) declined for a second straight day, losing a whopping 30.51 percent to finish at $9.56 apiece following a disappointing earnings performance last year.
In its release, DLocal Limited (NASDAQ:DLO) said net profit for the fourth quarter of 2024 grew by 4 percent to $29.7 million from $28.5 million in the same period a year earlier, but net income dropped by 19 percent to $120.5 million last year from $149.1 million in 2023.
Revenues for the quarter increased by 9 percent to $204.5 million from $188 million, while revenues for full-year 2024 grew by 15 percent to $746 million from $650.4 million in 2023.
Looking ahead, DLocal Limited (NASDAQ:DLO) said it expects a strong TPV growth ranging between 35 percent to 45 percent year-on-year, with revenue growth of 25 to 35 percent year-on-year.
Overall, DLO ranks 2nd on our list of battered stocks on Friday. While we acknowledge the potential of DLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DLO but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.