Shares of MercadoLibre (NASDAQ: MELI) were moving higher today after the Latin American e-commerce star posted strong results in its second-quarter earnings report.

As of 12:10 p.m. ET, the stock was up 11.9% on the news.

MercadoLibre continued to deliver rapid growth, bucking the broader trend in the e-commerce sector.

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Source Fool.com