MercadoLibre Stock Drops After Disappointing Q4 EPS

MercadoLibre Inc (NASDAQ:MELI) shares are trading lower on Wednesday after it reported fourth‑quarter earnings that fell short of expectations, even though revenue came in ahead of estimates. MercadoLibre stock is among today’s weakest performers. What’s pressuring MELI stock?The miss prompted analysts at BTIG, Wedbush and Barclays to trim their price targets, adding pressure to the stock.Earnings Miss Overshadows Strong RevenueThe company posted earnings of $11.03 per share, below the $11.59 analysts were ...