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Strategies & Market Trends : MELI MercadoLibre
MELI 234.79+0.8%4:00 PM EDTNews

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From: Savant2/24/2011 2:47:32 AM
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Reports Q4 (Dec) earnings of $0.36 per share, $0.01 better than the Thomson Reuters consensus of $0.35; revenues rose 27.1% year/year to $62.3 mln vs the $60.7 mln consensus. Starting in the third quarter of 2010, the company began to pre-sell credit card receivables from its MercadoPago financing operations. For this reason, starting in the third quarter of 2010, MercadoPago financing revenues now represent the net amount received from financing institutions as a result of pre-selling these installments-related financing receivables. Credit card receivables are being pre-sold in order to better manage credit risk; generate increased predictability of the associated cost; and not assume any financing risk.
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MercadoLibre initiates quarterly cash dividend of $0.08
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MercadoLibre, Inc. Reports Financial Results for Fourth Quarter and Full Year
2010
Feb 23, 2011 (GlobeNewswire via COMTEX) --

* Q4'10 net income increased by 41.2% year-over-year to $15.9 million




* Items sold during Q4'10 increased by 31.2% year-over-year to 11.3
million




* Total payments transactions in Q4'10 increased by 134.5% to 2.4
million




* Net Income during FY'10 increased by 68.7% year-over-year to $56.0
million




BUENOS AIRES, Argentina, Feb. 23, 2011 (GLOBE NEWSWIRE) -- MercadoLibre, Inc.
(MELI) Click for Detail
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