Shares of MercadoLibre surged nearly 12% after the Latin American e-commerce giant reported fourth-quarter results that surpassed Wall Street expectations. CNBC's Sarah Min, Alex Harring, Yun Li, Jesse Pound, and Pia Singh provided detailed reporting on the market’s latest movements. MercadoLibre's strong earnings performance marked a highlight in a day filled with mixed results across various sectors.
The electric vehicle maker Rivian experienced a setback as its shares fell over 3%. The decline followed the company's forecast of lower deliveries in 2025, despite surpassing Wall Street's fourth-quarter earnings expectations and achieving its first gross quarterly profit. Analysts surveyed by LSEG had anticipated earnings of 87 cents per share on revenue of $6.29 billion, but Rivian's outlook on future deliveries dampened investor enthusiasm.
On the other hand, Celsius Holdings experienced a significant boost, with shares skyrocketing more than 31%. The energy drink company exceeded fourth-quarter earnings expectations and announced an agreement to acquire Alani Nutrition in a cash and stock deal. Celsius reported adjusted earnings of 14 cents per share on $332 million in revenue, beating analysts' estimates of 11 cents per share and $326 million.
Dropbox faced a challenging day, with shares dropping over 9% due to mixed quarterly results that did not meet market expectations. Analysts had predicted earnings of $1.65 per share on revenue of $1.045 billion. Similarly, Akamai Technologies saw its stock tumble nearly 10% after issuing weaker-than-expected guidance for the first quarter.
Meanwhile, Booking Holdings saw a rise of 3.1% as its fourth-quarter results outperformed expectations. The company continues to benefit from a rebound in travel demand, offering hope to investors amidst fluctuating market conditions.
In the fintech sector, Block reported an impressive non-GAAP gross margin of 83.1% for the fourth quarter, aligning with analysts' expectations according to StreetAccount. However, its adjusted earnings came in at 71 cents per share on $6.03 billion in revenue, slightly missing the mark set by analysts.
Lastly, the cloud software company Dropbox faced a disappointing session as shares fell more than 9%. The company's mixed quarterly results failed to meet the optimistic forecasts set by analysts.
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