UPDATE 3-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
UPDATE 3-MercadoLibre says it is managing to offset costs through pricing By Aluisio Alves 2 Min Read (Adds information from results call) May 5 (Reuters) - MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped by growth in its financial services unit. 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
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MELI
News
- 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
- Online Marketplace Stocks Q4 Teardown: Etsy (NASDAQ:ETSY) Vs The Rest [Yahoo! Finance]Yahoo! Finance
- MercadoLibre Stock Is Cheaper Than You May Think [Seeking Alpha]Seeking Alpha
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