MercadoLibre Shares Rally After Record Quarter of Profit

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MercadoLibre Shares Rally After Record Quarter of Profit

Shares of MercadoLibre Inc. rallied in postmarket trading after the Latin American e-commerce and fintech giant’s profit far surpassed estimates.

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Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4

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Two of the most important technology companies in Argentina and Latin America presented their results for the fourth quarter of 2024 this Thursday, and the market reacted to them in a completely divergent way.While Argentine factory software Globant (GLOB) collapses to 25% this Friday, the e-commerce and fintech giant MercadoLibre (MELI) rises to 7%. Globant's dramatic fall in the New York Stock Exchange leads to a drop of more than US$2.5 billi…

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The Latin American e-commerce giant MercadoLibre released a better than expected quarterly profit on Thursday (20) which is almost four times as high as in the same period of the previous year and increased its shares in post-trade trade by more than 12%. MercadoLibre, the largest Latin American company according to market value, announced that the net profit for the quarter of [...] The post Latin America: MercadoLibre's net profit in the fourt…

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MercadoLibre Payment Volumes Leap 33% as Platform Reaches 100M Buyer Milestone

MercadoLibre’s fourth quarter results showed double-digit growth in unique active buyers and items sold across the company’s marketplace, along with momentum in its credit card business. The most recent earnings supplementals, released after the markets closed on Thursday (Feb. 20), detailed that during the fourth quarter, gross merchandise values (GMV) were up 8%, to $14.5 billion, items sold gathered 27% year over year to 525.5 million, and th…