MercadoLibre says it is managing to offset costs through pricing [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
Chief Financial Officer Pedro Arnt said in a call with analysts that MercadoLibre was trying to "pass on" costs due to increases in transport, labor and oil prices. "I think we've done a good job of trying to offset that pressure through pricing," he said. The Nasdaq-listed Argentine company posted quarterly earnings of $65 million after a year-ago loss of $34 million, although the profit figure missed the Refinitiv analysts' forecast. The company's net revenue rose 67.4% in local currency to$2.2 billion as strong growth in its fintech unit Mercado Pago helped offset a post-pandemic slowdown in new clients at Mercadolibre's core e-commerce business. "Marketplace growth remained consistent, mainly due to the behavior and growth of buyer base," Chief Financial Officer Pedro Arnt said in a statement. The company, present in 18 countries including Brazil, Mexico and Colombia, said active users rose 15.7% rise over a year ago to 80.7 million, although that represented a slight d
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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