3 Important Takeaways from MercadoLibre's Impressive Q4 Results
MercadoLibre (NASDAQ: MELI) was one of the stock market's standout performers in 2019, gaining 95% last year. While the e-commerce business continued to rack up impressive results, it took a back seat to the payments business, which is growing by leaps and bounds.
The company released its fourth-quarter results after the market close on Monday and investors saw the report as something of a mixed bag, initially driving the stock down as much as 6% in after-hours trading. Revenue grew to $674.3 million, up 57% year over year, but operating expenses jumped 83%, resulting in a net loss of $54 million, or a loss per share of $1.11, significantly higher than the $0.05 loss in the prior-year quarter.
This is one time, however, that the top and bottom lines don't quite tell the tale. Here are three things investors should know.
Source Fool.com
