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Strategies & Market Trends : The New Economy and its Winners
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To: Lizzie Tudor who wrote (56668)2/27/2014 5:43:34 PM
From: Lizzie Tudor   of 57684
 
here's an old friend, looks like a bit of a blowout for MELI

4:03 pm MercadoLibre beats by $0.16, beats on revs ( MELI) : Reports Q4 (Dec) earnings of $0.93 per share, $0.16 better than the Capital IQ Consensus Estimate of $0.77; revenues rose 29.7% year/year to $134.6 mln vs the $132.88 mln consensus.

For the three months ended December 31, 2013, gross merchandise volume grew to $2,138.9 million, while total payment volume reached $746.0 million, representing year-over-year growth of 29.9% and 42.1% respectively. In local currencies, gross merchandise volume grew 49.3% year-over-year, while payment volume grew 66.1% year-over-year.
Items sold on MercadoLibre during the fourth quarter 2013 increased 20.1% to 22.8 million, while total payment transactions through MercadoPago increased 33.8% to 9.0 million.
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