MercadoLibre Eyes More Investments in Credit Business, CFO Says [Business News Network (BNN) (Canada)]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Business News Network
half of the firm's total revenue, according to Chief Financial Officer Pedro Arnt. The company's credit book has been “very profitable” so far and it makes sense to keep investing, Arnt said in an interview with Bloomberg TV. Loan growth “has been a significant driver and catalyst of more adoption of our wallet,” while helping merchants and giving them greater access to working-capital, Arnt said. Read more: MercadoLibre Jumps After Results Show ‘Profitable Growth' MercadoLibre saw its credit portfolio rise to almost $2.7 billion in the second quarter, up from about $2.4 billion at the end of March, and flagged that it has “adequately priced” the risk of a deterioration of credit quality across the region amid a tougher macroeconomic backdrop. The Buenos Aires-based company posted record revenue and better-than-expected margins for the three-month period ended in June, with operations in Mexico turning a profit. A lot of investments MercadoLibre made throughout the pandemic in
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MELI
News
- MercadoLibre (MELI) to Report Q1 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Wedbush from $2,000.00 to $1,800.00. They now have an "outperform" rating on the stock.MarketBeat
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [Yahoo! Finance]Yahoo! Finance
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [BNN Bloomberg (Canada)]BNN Bloomberg
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "buy" rating. They now have a $1,685.00 price target on the stock.MarketBeat
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website