Premarket Movers | DLocal Surges 26%; Bumble and Intuitive Machines Sinks 9%; Coherent Tanks 18%

DLocal Limited shares jumped 26% following the company’s second-quarter earnings release that beat revenue expectations and delivered strong growth metrics. The Uruguayan payments processor raised its fiscal revenue guidance, projecting 30% to 40% year-over-year growth.

Bumble stock dropped 8.8% following reports that shareholders are offering a block of shares at a significant discount to the day’s closing price.

Intuitive Machines stock sank 9% after the space exploration company announced plans to offer $250 million in convertible senior notes due 2030 in a private placement to qualified institutional buyers.

Coherent beat Wall Street expectations for the fourth quarter on Wednesday, but its shares fell 17.7% after the laser and optical components maker issued a mixed forecast for the current quarter.

Ibotta shares tumbled 29.9% as the tech company reported disappointing results for the second quarter and issued third quarter sales guidance that was below expectations.