US EditionMercadoLibre misses profit estimates as Brazil free-shipping boost hurts margins
5 Articles
5 Articles
The Latin American e-commerce giant Mercado Libre reported yesterday a fall of 1.5% year-on-year in its net profit of the second quarter, below the expectations of analysts, as the expansion of free shipping in Brazil boosted sales but also affected margins.In the framework of the presentation of results, the company's shares fell on the New York Stock Exchange. However, today in the morning they began to recover value. Yesterday they closed to …
MercadoLibre misses profit estimates as Brazil free-shipping boost hurts margins
(Corrects quote in paragraph 8 to "short-term margin pressure," instead of "structural margin pressure")By Andre RomaniSAO PAULO :Latin American e-commerce giant MercadoLibre on Monday posted a 1.5 per cent dip in its second-quarter net profit from a year earlier, missing analysts' estimates, as incre
The Latin American e-commerce giant MercadoLibre missed the analysts' expectations for net profit and core business in the second quarter on Monday (4th). Although the expansion of free shipping in Brazil has increased sales, it has also impacted margins. MercadoLibre, the largest Latin American company according to market value, reported a net profit for the quarter to the end of June [...] The post Free shipping in Brazil: MercadoLibre misses …
Mercado Libre reported on Monday a fall of 1.5% year-on-year in its net profit of the second quarter, below the analysts' expectations, as the expansion of free shipping in Brazil boosted sales but also affected margins.The e-commerce company reported a net profit for the quarter that closed at the end of June of 523 million dollars, below the 596 million dollars expected by analysts in a LSEG poll.You may be interestedCompresasGalperin will foc…
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