RTTNews | Aug 19, 2021 11:49AM EDT

11:49 Thursday, August 19, 2021 (RTTNews.com) - Shares of payments platform DLocal Ltd (DLO) are 32 percent higher on Thursday's trading as the company reported higher income and revenues during the second quarter. The company posted net income of $17.7 million or $0.057 per share during the quarter, higher than $7.4 million or $0.026 per share in the same period last year. On average, 5 analysts polled by Thomson Reuters expected the company to post earnings of $0.05 during the quarter. Analysts' estimates, usually, exclude one-time items.

Quarterly revenues came in at $59 million, up 186 percent from $20.6 million in the year-ago quarter, while analysts were looking for revenues of $40.5 million.

Currently at $64.44, the stock has traded between $29.57 and $68.70 during the past 52 weeks.

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