3 Things to Watch When MercadoLibre Reports Earnings
Earlier this year, MercadoLibre (NASDAQ: MELI) was flying high. The Latin American e-commerce and payments specialist has been on a multiyear sprint, with its stock price tripling over the past three years and gaining more than 1,300% over the past decade. The company has been riding the consumer migration to online sales and digital payments, becoming the platform of choice for many.
MercadoLibre shares had more than doubled in 2019, but the recent rally was cut short when geopolitical concerns reared their ugly head. The results of Argentine elections pressured stocks in the region, stoking investor fears that the political uncertainty would stunt MercadoLibre's growth.
The company is scheduled to report the results of its third quarter after the market closes on Thursday, Oct. 31. Let's review three areas that investors will be watching closely when MercadoLibre reports.
Source Fool.com
