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MarketScreener Homepage  >  Equities  >  Nasdaq  >  MercadoLibre, Inc.    MELI

MERCADOLIBRE, INC.

(MELI)
  Report
Delayed Quote. Delayed Nasdaq - 09/25 04:00:00 pm
1062 USD   +2.65%
09/01MERCADOLIBRE INC : Other Events (form 8-K)
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08/13MERCADOLIBRE INC : Other Events (form 8-K)
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08/10MERCADOLIBRE : second-quarter revenue beats estimates
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SummaryAll NewsPress ReleasesOfficial PublicationsSector news

MercadoLibre : second-quarter revenue beats estimates

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08/10/2020 | 10:27am EDT

Aug 10 (Reuters) - Latin American e-commerce platform MercadoLibre Inc on Monday beat expectations for quarterly revenue, as it benefited from a surge in online shopping with people staying indoors due to the coronavirus crisis.

The company also said its unique active users jumped more than 45% to 51.5 million.

Demand for online market places has surged during the pandemic due to prolonged lockdowns and social distancing measures in place in most countries.

"The pandemic generated significant changes in consumer behavior, which translated into a new milestone in the penetration of e-commerce and online payments in the region," Chief Financial Officer Pedro Arnt said in a statement.

Revenue rose 61% to $878.4 million, above analysts' estimates of $748.7 million, according to IBES data from Refinitiv.

Net income rose to $55.9 million, or $1.11 per share, in the second quarter ended June 30, from $16.2 million, or 31 cents per share, a year earlier.

Analysts had expected the company to earn 9 cents per share.

U.S.-listed shares of the company were down nearly 4% at $1150.14 in morning trading. (Reporting by Akanksha Rana in Bengaluru; Editing by Shailesh Kuber)

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All news about MERCADOLIBRE, INC.
09/01MERCADOLIBRE INC : Other Events (form 8-K)
AQ
08/13MERCADOLIBRE INC : Other Events (form 8-K)
AQ
08/10MERCADOLIBRE : second-quarter revenue beats estimates
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08/10MERCADO LIBRE : los resultados del segundo trimestre 2020
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08/10MERCADOLIBRE : 2Q Earnings Snapshot
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08/10MERCADOLIBRE : Management's Discussion and Analysis of Financial Condition and R..
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08/10MERCADOLIBRE INC : Results of Operations and Financial Condition, Financial Stat..
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08/10MercadoLibre, Inc. Reports Second Quarter 2020 Financial Results
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08/10MERCADOLIBRE, INC. : Half-year results
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08/10MERCADOLIBRE, INC. : Press Release
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More news
Financials (USD)
Sales 2020 3 528 M - -
Net income 2020 22,5 M - -
Net cash 2020 2 331 M - -
P/E ratio 2020 1 395x
Yield 2020 0,00%
Capitalization 52 792 M 52 792 M -
EV / Sales 2020 14,3x
EV / Sales 2021 10,6x
Nbr of Employees 9 703
Free-Float 87,9%
Chart MERCADOLIBRE, INC.
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MercadoLibre, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends MERCADOLIBRE, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 1 214,55 $
Last Close Price 1 062,00 $
Spread / Highest target 46,0%
Spread / Average Target 14,4%
Spread / Lowest Target -37,8%
EPS Revisions
Managers
NameTitle
Marcos Eduardo Galperin Chairman & Chief Executive Officer
Stelleo Pasos Tolda President, Chief Operating Officer & Executive VP
Pedro Arnt Chief Financial Officer & Executive Vice President
Daniel Rabinovich Chief Technology Officer & Executive VP
Nicolas Roberto Galperin Director
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