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Hi Fellow Fools,

Here's a writeup on what to expect and what to look for when MELI reports earnings on Thursday after market close:

MercadoLibre numbers can be tricky to interpret because it provides e-commerce services in 19 Latin American and Caribbean countries and does business in the currencies of each. Its results are then translated into dollars for the purposes of financial reporting. A stronger dollar will make the company's financial results look worse, while a weaker dollar will improve their appearance.

With the stronger dollar (up 3% over the fourth quarter) the comps might be a little tougher QOQ. The good news, however, is that the effect will be less pronounced that the year ago quarter, so those comps will likely be easier.

We shall see on Thursday.

Phoenix 1 Contributor
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