Why MercadoLibre Stock Jumped on Friday
Shares of (NASDAQ: MELI) rose as much as 12.5% on Friday morning, boosted by a great earnings report. By 12:15 p.m. ET today, the Argentine e-commerce giant's stock had cooled down slightly to a 9.4% gain.
Fourth-quarter revenue rose 37% year over year to $6.06 billion. The company's constant-currency sales soared 96%, backing out the effects of Argentina's ongoing inflation crisis.
Adjusted earnings nearly quadrupled from the year-ago period, landing at $12.61 per share. Your average Wall Street analyst would have settled for earnings near $8.05 per share on revenue of approximately $5.79 billion.
Source Fool.com
Mercadolibre Inc Aktie
1.540,4 €
0,17 %
Uneingeschränkte Unterstützung für Mercadolibre Inc, ausschließlich Buy-Einschätzungen.
Eine deutliche Steigerung um mehr als 20% ist für Mercadolibre Inc mit einem Kursziel von 2286 € gegenüber 1540.4 € zu erwarten.
