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Mercadolibre

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Reuters - 1 day ago

Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Arm Holdings PLC ARM.OQ +6.6% Advanced Micro Devices Inc AMD.OQ +4.8% Meta Platforms Inc META.OQ +4.4% MercadoLibre Inc MELI.OQ +4.2% GlobalFoundries Inc GFS.OQ +3.8% Bottom Performers Percent Change Micron Technology Inc MU.OQ -3.7% Paccar Inc PCAR.OQ -2.3% Diamondback Energy Inc FANG.OQ -1.8% PDD Holdings Inc PDD.OQ -1.7% Warner Bros Discovery Inc WBD.OQ -1.2% The Nasdaq 100 .ND
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Reuters - 5 days ago

Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Tesla Inc TSLA.OQ +6.7% MongoDB Inc MDB.OQ +5.6% Zscaler Inc ZS.OQ +2.9% Constellation Energy Corp CEG.OQ +2.6% Apple Inc AAPL.OQ +2.6% Bottom Performers Percent Change O'Reilly Automotive Inc ORLY.OQ -3.9% Warner Bros Discovery Inc WBD.OQ -3.9% Walgreens Boots Alliance Inc WBA.OQ -3.7% MercadoLibre Inc MELI.OQ -3.5% Advanced Micro Devices Inc AMD.OQ -3.3% The Nasdaq 100 .NDX gain
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Reuters - 5 days ago

Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Tesla Inc TSLA.OQ +6.6% MongoDB Inc MDB.OQ +4% Zscaler Inc ZS.OQ +3.2% Constellation Energy Corp CEG.OQ +2.8% Apple Inc AAPL.OQ +2.3% Bottom Performers Percent Change Walgreens Boots Alliance Inc WBA.OQ -4.2% O'Reilly Automotive Inc ORLY.OQ -3.9% Advanced Micro Devices Inc AMD.OQ -3.6% MercadoLibre Inc MELI.OQ -3.5% Warner Bros Discovery Inc WBD.OQ -3.2% The Nasdaq 100 .NDX gained
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Reuters - 3 weeks ago

MercadoLibre's fintech arm sees credit-card reader boom in Mexico

MercadoLibre's fintech arm sees credit-card reader boom in Mexico By Kylie Madry MEXICO CITY, June 17 (Reuters) - Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, has seen adoption of its slim mobile credit-card readers more than double in the past year, gaining on competing options from banks and Clip, an executive said. In Mexico, cash is still king - and as Latin America's No.
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Reuters - 4 weeks ago

MercadoLibre investments in Brazil this year to top initial forecast

UPDATE 2-MercadoLibre investments in Brazil this year to top initial forecast Adds quote and plans to open distribution centers in paragraphs 3-4, context in paragraph 5 and 7, and details for new strategy in distribution center in paragraphs 8-10 By Andre Romani CAJAMAR, Brazil, June 5 (Reuters) - Latin American e-commerce giant MercadoLibre expects its investments in Brazil this year to exceed the 23 billion reais ($4.35 billion) initially planned due to higher-than-expected sales , local mark
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Reuters - 4 weeks ago

MercadoLibre investments in Brazil this year to top initial forecast

MercadoLibre investments in Brazil this year to top initial forecast CAJAMAR, Brazil, June 5 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O expects its investments in Brazil this year to exceed the 23 billion reais ($4.35 billion) initially planned , local marketplace head Fernando Yunes told reporters on Wednesday. Yunes said the firm now forecasts to hire 11,000 people in Brazil this year, up from a previous estimate of 6,500. He added that the revised capital expenditure plan
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Reuters - 2 months ago

MercadoLibre's fintech arm targets digital banking in Mexico with license

UPDATE 1-MercadoLibre's fintech arm targets digital banking in Mexico with license Updates with time-frame in paragraph 3 By Diego Oré MEXICO CITY, May 21 (Reuters) - Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, announced on Tuesday that it will apply for a banking license in Mexico in its bid to become the largest digital bank in the country.
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Reuters - 2 months ago

MercadoLibre's Mexico banking license could take up to two years, exec says

MercadoLibre's Mexico banking license could take up to two years, exec says MEXICO CITY, May 21 (Reuters) - Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, said on Tuesday it could take one to two years to obtain a banking license it is seeking in Mexico, the region's second-largest economy. Mercado Pago's Mexico director Pedro Rivas said this time frame would run from the start of the application toward the end of the summer, as the fintech seeks to become the country'
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Reuters - 2 months ago

MercadoLibre's fintech arm targets digital banking in Mexico with license

MercadoLibre's fintech arm targets digital banking in Mexico with license By Diego Oré MEXICO CITY, May 21 (Reuters) - Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, announced on Tuesday that it will apply for a banking license in Mexico in its bid to become the largest digital bank in the country. The announcement makes Mercado Pago the latest online firm looking to expand its offerings in the increasingly crowded market.
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Reuters - 2 months ago

MercadoLibre Inc reports results for the quarter ended in March - Earnings Summary

MercadoLibre Inc reports results for the quarter ended in March - Earnings Summary MercadoLibre Inc MELI.OQ reported quarterly adjusted earnings of $6.78​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $3.97. The mean expectation of ten analysts for the quarter was for earnings of $6.03 per share.
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Reuters - 2 months ago

MercadoLibre net profit surges, driven by Brazil, Mexico

MercadoLibre net profit surges, driven by Brazil, Mexico SAO PAULO, May 2 (Reuters) - Latin America e-commerce giant MercadoLibre MELI.O said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil and Mexico offset some negative effects in Argentina. MercadoLibre, which operates a marketplace in 18 countries and also owns the fintech Mercado Pago, posted a $344 million net profit in the three months, while analysts polled
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Reuters - 2 months ago

MercadoLibre Inc <MELI.OQ> expected to post earnings of $6.03 a share - Earnings Preview

MercadoLibre Inc expected to post earnings of $6.03 a share - Earnings Preview MercadoLibre Inc MELI.OQ MELI.O is expected to show a rise in quarterly revenue when it reports results on May 1 (estimated) for the period ending March 31 2024 The Montevideo Uruguay-based company is expected to report a 26.8% increase in revenue to $3.85 billion from $3.04 billion a year ago, according to the mean estimate from 12 analysts, based on LSEG data.
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Reuters - 2 months ago

Retailer Walmex's quarterly profit jumps on more stores, higher wages

UPDATE 2-Retailer Walmex's quarterly profit jumps on more stores, higher wages Adds new stores in paragraph 5, CEO comments in paragraphs 7-9, management changes in paragraphs 10-12 MEXICO CITY, April 24 (Reuters) - Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it attributed partly to Mexicans' larger disposable income.
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Reuters - 3 months ago

E-commerce firm MercadoLibre to increase staff by 30% in 2024

E-commerce firm MercadoLibre to increase staff by 30% in 2024 By Andre Romani SAO PAULO, April 17 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O plans to increase total staff by 30% in 2024 by hiring some 18,000 people as it seeks to build its business in Mexico and elsewhere, it said on Wednesday. The company said in a statement the hiring spree will bring its total headcount to around 76,000 people, excluding temporary and outsourced workers.
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Reuters - 3 months ago

MercadoLibre to hire 6,500 people in Brazil in 2024

MercadoLibre to hire 6,500 people in Brazil in 2024 SAO PAULO, April 15 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O is planning to hire 6,500 people in Brazil this year, President Luiz Inacio Lula da Silva's office said on Monday, after he met with the firm's top executive in the country. That would increase MercadoLibre's staff in Brazil, its main market, by 28% from the previous year to some 29,000 employees.
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