More on MercadoLibre (MELI): Q1 comies in mixed, beating on its EPS but missing on revenue....
More on MercadoLibre (MELI): Q1 comies in mixed, beating on its EPS but missing on revenue. Total sales jumped 23% Y/Y, but net profit fell 11% as the online marketplace saw its bottom-line hurt by currency devaluation. FX losses for the first quarter of 2013 were $6.2M, versus losses of $1M a year earlier. Gross margin also narrowed to 72.1% from 74.8%, while operating expenses increased 21% to $45.5M. Shares +10.6% AH.
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