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0.000165623645747968 -0.000670554570142928 -0.000682796054387841 0.00208365818212627 0.00510463832868116 0.00304419048549427 0.00187155325709239 0.00174732037242956
Stock impact report

Why Is MercadoLibre (MELI) Up 22.8% Since Last Earnings Report? [Yahoo! Finance]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is MercadoLibre due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. MercadoLibre's Q3 Earnings Beat, Revenues Rise Y/Y MercadoLibre reported third-quarter 2023 earnings of $7.16 per share, which surpassed the Zacks Consensus Estimate by 22.39%. The company reported earnings of $2.56 per share in the year-ago quarter. Revenues surged 39.8% on a year-over-year basis (69.1% on a FX-neutral basis) to $3.76 billion. The top line surpassed the Zacks Consensus Estimate by 5.22%. Total revenues were driven by accelerating commerce and fintech revenues, which grew 45% and 33% year over year, respectively. Revenues from MELI's advertising services grew more than 70% on an FX-neutral basis and were equivalent to almost 1.7% of gross merchandise v Show less Read more
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