Online Latin America commerce and payments company Mercado Libre MELI reported second-quarter financial results after market close Thursday.Here are the highlights.What Happened: Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue beat a Street consensus estimate of $4.68 billion, according to data from Benzinga Pro.The company reported a 36% year-over-year increase in total payment volume for the second quarter and a 20% year-over-year rise in gross ...

Motevideo, Aug. 01, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; August 1, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended June 30, 2024, in a Letter to Shareholders, which is now posted to the company’s Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on Au ...

Q2'24 Results MercadoLibre, Inc. Second Quarter 2024 Letter to Shareholders > August 1", 2024 Q2'24 Results MONTEVIDEO, Uruguay; August 1st, 2024 -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and fintech company, today reported financial results for the quarter ended June 30, 2024 Net revenues & financial income of $5.1 billion, up 42% YoY and 113% FX-neutral Income from operations of $726 million, with a 14.3% margin Net income of $531 million, with ...

MercadoLibre (MELI) is scheduled to release its second-quarter 2024 results on Aug 1. For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $4.76 billion, suggesting a rise of 39.5% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for second-quarter earnings is pegged at $8.94 per share, suggesting a jump of 73.3% from the year-ago reported figure. The estimate has been unchanged over the past 30 days. Image Source: Zacks Investment Research MercadoLibre ha ...

The Latin American commerce giant has lagged the market, but could now be time to buy?Latin America-based commerce giant MercadoLibre (MELI 1.63%) has taken investors on a bit of a rollercoaster ride so far in 2024 but is up by less than 5% from where it started the year. While this is certainly better than being in the red for the year, it is about 10 percentage points less than the S&P 500's year-to-date return.Despite the underperformance, MercadoLibre's business has actually performed quite well recentl ...

Montevideo, July 25, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; July 25, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its second fiscal quarter ending June 30, 2024, on August 1, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on August 1, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, ana ...

MercadoLibre (MELI) shares have grown 3% year to date, underperforming the industry and the S&P 500 index’s rise of 13% and 14.1%, respectively. The MELI stock is also currently trading below its 50-day moving average, indicating a bearish trend.The company is suffering from market uncertainties, high inflation and weakening macro conditions in Argentina. Mounting expenses related to warehousing and shipping are hurting its margin expansion.Although MercadoLibre has a strong foothold in the online retail ma ...

Mercadolibre's stock is not for every investor.Investors in Mercadolibre Inc (MELI 3.08%), a leading e-commerce company in Latin America, have had a great time as the stock appreciated by more than 160% in the last five years. Solid growth in its e-commerce and fintech businesses has been the main driver of its stock performance.Potential investors might consider investing in the company to ride the e-commerce-penetration tailwind in Latin America. But before they commit their hard-earned capital, there are ...

It's not necessarily a surprising development, but it is noteworthy nonetheless.There's a clear heavyweight advertising champion in Latin America, and it's not even particularly close: MercadoLibre (MELI 3.08%) is trouncing Amazon (AMZN -0.29%) in this category. One research group predicts the former's advertising business will continue to skyrocket over the next few years, as I'll explain. And it shouldn't come as any surprise to anyone who knows how retail media works.MercadoLibre has multiple segments. B ...

UiPath and MercadoLibre both have immense upside.Missing out on Nvidia (NASDAQ: NVDA) has likely been a frustrating experience for many investors. Although most people have exposure to it indirectly through index funds, it's nothing compared to owning the stock directly.However, I've got two stocks with substantial upside potential that might be able to make up for some of the performance you've missed out on by not owning Nvidia directly.UiPathFirst is UiPath (PATH 2.27%). In a year when nearly any stock a ...