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MercadoLibre Down 11.6% Since Q3 Results: What Should Investors Do?
MELIMercadoLibre(MELI) ZACKS·2024-11-11 17:26

Latin American e-commerce and fintech giant MercadoLibre (MELI) has seen its stock decline 11.6% following its third-quarter 2024 earnings release, despite reporting robust growth across its business segments. In the third quarter, the company reported earnings of $7.83 per share, which missed the Zacks Consensus Estimate by 30.52% but increased 9.4% year over year. Revenues rose 35% on a year-over-year basis (103% on a FX-neutral basis) to $5.3 billion. The top line surpassed the Zacks Consensus Estimate b ...