DLocal Ltd (NASDAQ:DLO) shares are surging again on Wednesday after the company reported results for its latest quarter and announced Pedro Arnt as its Co-CEO.
After the close on Tuesday, the financial technology company reported Q2 EPS of $0.15, $0.02 better than the analyst estimate of $0.13, while revenue for the quarter came in at $161.1 million, up 59% year-over-year and well above the consensus estimate of $149.76M.
The company also posted $4.4 billion in total payment volume, up 80% year-over-year and 22% quarter-over-quarter.
DLO shares are currently up over 29%, trading above $20 per share after climbing more than 13% during Tuesday's session.
The company also announced that Pedro Arnt will serve as its co-Chief Executive Officer alongside Sebastián Kanovich.
Arnt has extensive experience in the tech sector, most recently as Chief Financial Officer for the last twelve years at Mercado Libre.
"I am delighted to welcome Pedro as co-CEO," said Kanovich. "We have a huge opportunity ahead and I am confident that Pedro and I will steer dLocal's next chapter as we continue to execute on our plan of delivering long-term value for our merchants, consumers, and partners."