04:32 PM EDT, 05/14/2024 (MT Newswires) -- DLocal ( DLO ) reported Q1 earnings late Tuesday of $0.06 per diluted share, down from $0.11 a year earlier.

Analysts surveyed by Capital IQ expected $0.12.

Revenue for the quarter ended March 31 was $184.4 million, up from $137.3 million a year earlier.

Analysts surveyed by Capital IQ expected $189.8 million.

The company said its board has authorized a new share buyback program of up to $200 million, expiring by May 2025.

Shares of the company dropped past 18% in after-hours trading.

Price: 11.11, Change: -2.47, Percent Change: -18.19