MercadoLibre (NASDAQ: MELI) is often compared to Amazon for its strong success in the e-commerce market. A focus on Latin America — with its developing markets that have attractive prospects — has made it an intriguing growth stock to own. And over the past five years, the stock’s 150% return has blown past Amazon, which […]
Tag: MercadoLibre
MercadoLibre Stock Jumps On Strong Q1 Earnings
MercadoLibre stock jumped late Thursday, after the Latin American e-commerce and fintech company reported first-quarter earnings and sales that easily surpassed expectations. X MercadoLibre (MELI) said that it earned an adjusted $6.78 per share on sales of $4.3 billion for the March-ending quarter. On average, analysts projected the Uruguay-based company would post adjusted earnings of […]
MercadoLibre net profit surges, driven by Brazil, Mexico
SAO PAULO (Reuters) – Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts’ estimates as its performance in Brazil and Mexico offset some negative effects in Argentina. MercadoLibre, which operates a marketplace in 18 countries and also owns the fintech Mercado Pago, posted a […]
Why MercadoLibre Stock Took a Dive Today
Shares of MercadoLibre (NASDAQ: MELI) were sliding today as a narrowing gross margin and expectations of slowing growth seemed to overshadow a strong quarter. The company’s reported profit was also impacted by a one-time tax liability. As a result, the stock was trading down 12.9% as of 10:31 a.m. ET. Image source: Getty Images. MercadoLibre’s […]
MercadoLibre (MELI) Q4 2023 Earnings Call Transcript
Image source: The Motley Fool. MercadoLibre (NASDAQ: MELI)Q4 2023 Earnings CallFeb 22, 2024, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Richard Cathcart Hello, everyone, and welcome to the MercadoLibre earnings conference call for the quarter ended December 31st, 2023. Thank you for joining us. I’m Richard Cathcart, MercadoLibre’s investor […]
Will Costco and MercadoLibre Split Their Stocks in 2024?
Investors love stock splits. Although they don’t change anything essential about a company or its stock, companies that split their stocks have typically seen them rise in value to such an extent that they need to reduce the price tags to make them more accessible to investors. That indicates these are well-run, well-liked companies, making […]