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MercadoLibre's (MELI) first-quarter 2024 results benefit from increasing total payments volume, courtesy of the robust Mercado Pago.
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thursday (May 2). The results were driven in part by investments made during Q1 in Mexico and Brazil.
MercadoLibre (MELI) came out with quarterly earnings of $6.78 per share, beating the Zacks Consensus Estimate of $6.64 per share. This compares to earnings of $3.97 per share a year ago.
MercadoLibre (NASDAQ: MELI ) stock is a hot topic on Thursday as investors are hoping the Latin America e-commerce company will announce a stock split after markets close today. One of the reasons that traders are hoping for a stock split from MercadoLibre is the fact that the company's shares have never undergone one before.
MercadoLibre's (MELI) first-quarter 2024 results are likely to reflect strength across e-commerce and fintech businesses.
MercadoLibre (MELI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Montevideo, April 29, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. to Report First Quarter 2024 Financial Results MONTEVIDEO, Uruguay; April 29, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its first fiscal quarter ending March 31, 2024, on May 2, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on May 2, at 5:00 p.m.
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