SYM - DLocal Posts Weak Results Joins HP Autodesk And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session | Benzinga
U.S. stock futures traded higher this morning, with the Dow Jones futures gaining around 40 points on Wednesday.
Shares of DLocal Limited (NASDAQ: DLO) shares tumbled in pre-market trading after the company reported downbeat third-quarter financial results and reaffirmed FY23 revenue guidance below estimates.
DLocal posted quarterly earnings of 13 cents per share, missing market estimates of 15 cents per share. The company’s quarterly sales came in at $163.92 million versus expectations of $168.51 million, according to data from Benzinga Pro.
The company also announced that CFO Diego Cabrera Canay decided to step down from his position to pursue other opportunities.
DLocal shares fell 12.9% to $16.38 in pre-market.
Here are some big stocks recording losses in today’s pre-market trading session.