Why MercadoLibre Inc Stock Popped Today
Shares of MercadoLibre Inc (NASDAQ: MELI) were roaring higher today after the Latin American e-commerce specialist posted a strong third-quarter earnings report. As of 11:17 a.m. EDT, the stock was up 10.1%.
MercadoLibre posted blistering revenue growth of 60.6% to $370.7 million, which crushed estimates of $347.7 million. On the bottom line, profits actually fell as expected as the company expands free shipping, and sales and marketing expenses more than doubled. Earnings per share slipped from $0.88 to $0.63, but that still topped estimates by a penny.
Image source: Getty Images.
Source: Fool.com
Mercadolibre Inc Aktie
1.829,4 €
1,62 %
Starke Kaufsignale für Mercadolibre Inc: Keine Sell-Einschätzungen, nur Buy-Einschätzungen.
Ein positives, aber moderates Potenzial für Mercadolibre Inc mit einem Kursziel von 1848 € im Vergleich zu 1829.4 €.
