MercadoLibre Inc. (NASDAQ:MELI) shares, after an initial burst, were heading down in Tuesday's extended trading after the company released its fourth-quarter earnings report.
Here's a look at the details from the quarter.
The Details: MercadoLibre reported quarterly earnings of $11.03 per share, which missed the analyst consensus estimate of $11.59.
Quarterly revenue came in at $8.76 billion, which beat the analyst consensus estimate of $8.47 billion and was up from $6.06 billion in the same period last year.
MercadoLibre reported the following fourth quarter highlights:
- Income from operations of $889 million, with a 10.1% margin
- Net income of $559 million, with a 6.4% margin
- Total Payment Volume of $83.7 billion, up 42.1% year-over-year and 52.6% FX-neutral
- Gross Merchandise Volume of $19.9 billion, up 36.8% YoY and 36.5% FX-neutral
The past year showed that Mercado Libre’s ecosystem is stronger than ever. Customer satisfaction reached new highs, with record Net Promoter Scores (NPS) across Commerce and Fintech in Brazil, Mexico and Argentina,” the company wrote in a letter to shareholders.
MELI Stock Price: According to data from Benzinga Pro, MercadoLibre stock was down 2.32% to $1,878.01 in Tuesday's extended trading.
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