SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Strategies & Market Trends : MELI MercadoLibre
MELI 578.33+0.5%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Savant8/3/2012 10:01:51 AM
   of 35
 
MercadoLibre, Inc. Reports Financial Results for Second Quarter 2012
Aug 2, 2012 (GlobeNewswire via COMTEX) --

* Items sold during Q2'12 increased by 35.6% year-over-year to 15.8
million

* Net Revenues in Q2'12 grew to 88.8 million, a 47.1% growth in local
currencies

* Q2'12 net income increased to $25.4 million, a 90.8% growth in local
currencies

==============
MercadoLibre 2nd-Quarter Net Up 71% as Users, Sales Increase

Last Update: 8/2/2012 6:50:39 PM

By Kristin Jones

MercadoLibre Inc.'s (MELI) second-quarter profit jumped 71% as the online
marketplace reported an increase in users and items sold.

The results beat Street expectations, and shares jumped 12% to $74.62 in
after-hours trading. Through the close, the stock was down 16% so far this year.

The Latin America e-commerce company provides merchandise listings for
individuals and businesses. It also offers an online-payment service, and has
posted double-digit revenue and earnings growth on a percentage basis over the
past two years.

The latest period included higher interest income and currency gains.

MercadoLibre posted a profit of $25.4 million, or 57 cents a share a share, up
from $14.8 million, or 34 cents, a year earlier.

Revenue jumped 28% to $88.8 million.

Analysts polled by Thomson Reuters were expecting per-share earnings of 49 cents
a share on revenue of $88 million.

Gross margin narrowed to 73.1% from 75.6%.

Total confirmed users reached 73.2 million in the period, up 25% from a year
earlier.

Gross merchandise volume increased 22%, while items sold jumped 36%.
==========
MercadoLibre up 16% premarket after earnings
==========
Up over 21% after open
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext