MercadoLibre Posts Upbeat Results, Joins Integral Ad Science, Willdan Group, Fresh Del Monte Produce And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | August 02, 2024 11:10am

U.S. stocks were lower, with the Dow Jones index falling over 900 points on Friday.

Shares of MercadoLibre, Inc. (NASDAQ:MELI) rose sharply during Friday's session after the company reported better-than-expected quarterly financial results.

Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue beat a Street consensus estimate of $4.68 billion, according to data from Benzinga Pro.

The company reported a 36% year-over-year increase in total payment volume for the second quarter and a 20% year-over-year rise in gross merchandise volume. Earnings per share were $10.48 in the second quarter, beating a Street consensus estimate of $8.43.

MercadoLibre shares jumped 9.6% to $1,760.79 on Friday.

Here are some other big stocks recording gains in today's session.

Fitell Corporation (NASDAQ:FTEL) gained 26% to $24.50.
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) shares surged 23.6% to $43.52 in pre-market trading following better-than-expected second-quarter earnings and strong guidance.
Cerus Corporation (NASDAQ:CERS) gained 23% to $2.5200 after the company reported better-than-expected second-quarter EPS results and raised its FY24 product revenue guidance above estimates..
Integral Ad Science Holding Corp. (NASDAQ:IAS) shares gained 14.9% to $11.38 after the company reported better-than-expected quarterly financial results and issued FY24 revenue guidance above estimates.
Willdan Group, Inc. (NASDAQ:WLDN) climbed 10.1% to $36.52 after the company reported better-than-expected second-quarter financial results.
Fresh Del Monte Produce Inc. (NYSE:FDP) gained 8.6% to $26.73 following better-than-expected earnings.
ICF International, Inc. (NASDAQ:ICFI) rose 8.3% to $158.06 following upbeat quarterly results.
EZCORP, Inc. (NASDAQ:EZPW) jumped 8.2% to $11.35.
Standard BioTools Inc. (NYSE:LAB) gained 7.7% to $1.530.
Bright Horizons Family Solutions Inc. (NYSE:BFAM) gained 7.5% to $127.32 following strong quarterly results.
DoorDash, Inc. (NASDAQ:DASH) rose 6.7% to $115.52 as the company posted upbeat earnings.
GoDaddy Inc. (NYSE:GDDY) jumped 5.8% to $149.66 after the company reported better-than-expected second-quarter sales results..
The Clorox Company (NYSE:CLX) gained 4.3% to $139.94 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 adjusted EPS guidance above estimates.