Why MercadoLibre Stock Sank Today [Yahoo! Finance]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance
after reporting financial results for the third quarter of 2024. The company's profits came up quite short of expectations. And that's why MercadoLibre stock was down nearly 16% as of 1 p.m. ET. MercadoLibre still has no problem whatsoever with growth -- its Q3 revenue was $5.3 billion, which was up 35% year over year and ahead of expectations. But the company's net profit margin was 7.5%, which was quite a drop from its 9.5% margin in the same quarter of last year. This worked out to earnings per share (EPS) of $7.83. But analysts had expected EPS closer to $10. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Management knew investors would have questions so it wasted no time in explaining why margins contracted. MercadoLibre wants to increase the number of people using its credit cards and it wants to improve on its already top-tier logistics services. The anticipated rise in credit necessitated putting more money asi
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News
- 3 Unstoppable Multibaggers Up Between 965% and 3,450% Since 2014 to Buy After a Recent Pullback [Yahoo! Finance]Yahoo! Finance
- 2 Stocks That Could Be Easy Wealth Builders [Yahoo! Finance]Yahoo! Finance
- Essendant Expands Digital Offering to Include Mercado Libre, Latin America's Largest Ecommerce MarketplacePR Newswire
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at JPMorgan Chase & Co. from $2,400.00 to $2,150.00. They now have a "neutral" rating on the stock.MarketBeat
- Why We Like The Returns At MercadoLibre (NASDAQ:MELI) [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 11/6/24 - Miss
MELI
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/4/24 - Form SCHEDULE
- MELI's page on the SEC website