Federico Sandler | Investor Relations Officer |
Marcos Galperín | Chief Executive Officer |
Pedro Arnt | Executive Vice President and CFO |
Osvaldo Giménez | Executive Vice President of Payments |
Mario Lu | Barclays |
Robert Ford | Bank of America |
Ravi Jain | HSBC |
Marcelo Santos | JPMorgan |
James Friedman | Susquehanna |
Stephen Ju | Credit Suisse |
Marvin Fong | BTIG |
Irma Sgarz | Goldman Sachs |
Tom Champion | Cowen |
Kunal Madhukar | Deutsche Bank |
Good day ladies and gentlemen, and thank you for standing by. Welcome to the MercadoLibre First Quarter 2019 Earnings Conference Call. At this time all participants are on a listen-only mode. Later we will conduct the question and answer session and instruction will follow at that time. [Operator Instructions].