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...
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