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Is MercadoLibre Stock a Buy Now?

TheMotleyFool

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MercadoLibre's (NASDAQ: MELI) stock jumped 9% during after-hours trading on Feb. 22 following its fourth-quarter earnings report.

The Latin American e-commerce company's revenue rose 61% year over year (74% in constant currency terms) to $2.13 billion, beating analysts' estimates by $120 million. Its net loss narrowed from $50.6 million to $46.1 million, or $0.92 per share, but missed the consensus forecast for a profit of $0.99 per share. Excluding income tax-related expenses in both periods, MercadoLibre's net loss narrowed from $44 million to $33.9 million.

Image source: Getty Images.

Source Fool.com

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