MercadoLibre (MELI) shares tumble 8% after FQ4 net profit misses estimates
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MercadoLibre (MELI) Tops Q4 EPS by 32c
February 22, 2024 4:11 PM ESTMercadoLibre (NASDAQ: MELI) reported Q4 EPS of $7.39, ex-items, $0.32 better than the analyst estimate of $7.07. Revenue for the quarter came in at $4.26 billion versus the consensus estimate of $4.14 billion.
For earnings history and earnings-related data on MercadoLibre (MELI) click here.
... MoreE-commerce giant MercadoLibre's 4th-quarter profit stable after tax hit
February 22, 2024 4:09 PM ESTBy Andre Romani
SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre on Thursday reported a $165 million fourth-quarter net profit, as higher sales were offset by a tax hit, with results flat versus the year-ago period.
The net profit was dented by two one-off taxes provisions in Brazil totaling $351 million, and came in below the $356 million net profit forecast by analysts polled by LSEG.
MercadoLibre said the provisions should not have a material cash impact going forward.
Senior vice president of strategy and corporate development Andre Chaves told Reuters... More
