— MercadoLibre, Inc. (NASDAQ: MELI) reported a net loss of $54 million or $1.11 per share for the fourth quarter of 2019, vs. $0.66 per share loss expected.
— Net revenues grew 57.5% annually to $674.3 million, vs. $646.82 million expected
— Total payment volume through Mercado Pago surged 63.5% year-over-year to $8.7 billion; gross merchandise volume advances 19.7% annually to $3.9 billion
— Mercado Pago delivered effective execution in off-platform payments, through merchant services, mobile point-of-sale devices, and its mobile wallet business
— Mobile wallet surpassed the 1-billion mark for the first time, delivering $1.3 billion in transactions on a consolidated basis in Q3
— Items sold reached 109.5 million during the quarter, up 28% year-over-year
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to