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

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

Shares of MercadoLibre, Inc. 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 FTEL gained 26% to $24.50.
• Tandem Diabetes Care, Inc. TNDM shares surged 23.6% to $43.52 in pre-market trading following better-than-expected second-quarter earnings and strong guidance.
• Cerus Corporation 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. 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. WLDN climbed 10.1% to $36.52 after the company reported better-than-expected second-quarter financial results.
• Fresh Del Monte Produce Inc. FDP gained 8.6% to $26.73 following better-than-expected earnings.
• ICF International, Inc. ICFI rose 8.3% to $158.06 following upbeat quarterly results.
• EZCORP, Inc. EZPW jumped 8.2% to $11.35.
• Standard BioTools Inc. LAB gained 7.7% to $1.530.
• Bright Horizons Family Solutions Inc. BFAM gained 7.5% to $127.32 following strong quarterly results.
• DoorDash, Inc. DASH rose 6.7% to $115.52 as the company posted upbeat earnings.
• GoDaddy Inc. GDDY jumped 5.8% to $149.66 after the company reported better-than-expected second-quarter sales results..
• The Clorox Company 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.

Now Read This:

• Dow Dips Over 400 Points; Apple Posts Upbeat Earnings