MercadoLibre Shines After Beating Wall Street's Expectations for Q1

MercadoLibre reported earnings after the closing bell today. Here's what investors need to know.

May 8, 2014 at 5:05PM

MercadoLibre (NASDAQ:MELI) reported fiscal 2014 first-quarter earnings results after the market closed today that trounced Wall Street's estimates. For the period ended March 31, MercadoLibre generated a profit of $30.3 million, or $0.69 per share -- more than a 73% increase over the same period a year ago. That crushed analyst expectations for earnings per share of just $0.57 in the quarter.

Meanwhile, MercadoLibre's revenue climbed 12.3%, to $115.4 million, in the first-quarter, up from $102.7 million in the year-ago period. For comparison, the Street was looking for revenue of $109.4 million. The company's chief executive Marcos Galperin said, "Solid first quarter results showed progress in key initiatives such as payments, mobile and customer experience, encouraging us to keep innovating, executing and seizing the huge potential of our region's e-commerce."

The Latin American e-commerce giant added new merchandise to its product mix in the quarter, as gross merchandise volume grew to $1,797.3 million -- up 15% year over year. Payment transactions were another bright spot in the quarter, increasing more than 36%, with MercadoPago processing as much as $9.2 million payments in the period. Overall, MercadoLibre said its strong performance in the quarter was, in part, driven by growth in payments, as well as improved mobile penetration. As of the end of March, MercadoLibre's mobile app had been downloaded more than 10 million times.

Shares of MercadoLibre are down 21% year to date.

Tamara Rutter has no position in any stocks mentioned. The Motley Fool recommends MercadoLibre. The Motley Fool owns shares of MercadoLibre. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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