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Why MercadoLibre Stock Was Climbing Today

TheMotleyFool

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Why MercadoLibre Stock Was Climbing Today: https://g.foolcdn.com/editorial/images/707938/online-clothes-shopping-e-commerce.jpg

Shares of MercadoLibre (NASDAQ: MELI) were climbing today after the Latin American e-commerce company delivered a strong third-quarter earnings report last night and beat estimates on the bottom line.

As of 2:54 p.m. ET, the stock was up 7.1%.

Revenue jumped 60.6% on a currency-neutral basis to $2.69 billion, which essentially matched estimates at $2.68 billion.

Source Fool.com

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