DLocal, June Payout in Focus After Shares Gain
DLocal shares rose 0.4% to $11.91 Monday on Nasdaq ahead of a $57.2 million dividend payout set for June 10. First-quarter net profit fell 10% to $41.9 million, missing estimates, despite a 73% jump in payment volume and record gross profit. Revenue rose 55% to $335.9 million. The company cited a $9.7 million tax adjustment and higher costs for the profit decline.