Qualcomm, 'eBay of South America' beat earnings

November 3, 2011: 4:22 PM ET
Qualcomm stock

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NEW YORK (CNNMoney) -- Online shopping is becoming increasingly popular in emerging markets. At least, this is what we can conclude based on the latest Mercadolibre (MELI) results.

The so-called "eBay of South America" blew away the consensus, reporting earnings 40% above average estimates. Its stock advanced more than 30% on the news.

Meanwhile, Qualcomm (QCOM, Fortune 500) reported better-than-expected fourth quarter results, sending its shares up more than 7%. Qualcomm, which is one of the world's largest communications chip producers, pointed to growth in licensing for its strong showing.

Another strong report in the tech field came from Fusion-io, Inc. (FIO), which announced earnings 400% above the consensus (15 cents vs 3 cents) and guided revenue higher for the next quarter. Fusion-io provides servers for Apple (AAPL, Fortune 500) and Facebook, which accounts for a sizable portion of its revenue.

These are some of the popular themes on StockTwits Thursday:

tjdemas: $MELI recorded items sold growth of 38%, the highest in 6 qtrs, with acceleration in every reported country.

ivanhoff: $MELI up 10% in AH on solid earnings beat: $0.60 vs 0.43; 47% revenue growth

Benzinga: Why Qualcomm is the Future of Mobile Devices $QCOM $ARMH $AAPL

chicagosean: Looks like a breakout from a sloppy double bottom for $QCOM

TraderMD: Strong results from $FIO & $QCOM are being faded, $WFM too

firstadopter: $FIO call: 6 end user customers exceeded $1M in orders. Strategic customers were 55% of revenue

TrendRida: Surprised no upgrades for $FIO. Analysts will probably upgrade tomorrow after scooping up shares at 30 this morning... To top of page

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