from24/7 Wall St.
3 days agoLive: MercadoLibre (MELI) Earnings Coverage
MercadoLibre (NASDAQ: MELI) will report third-quarter results after the bell Tuesday. Last quarter, MELI posted revenue of $6.79 billion, up 30% year-on-year, but missed EPS forecasts as normalized earnings came in at $10.31 versus consensus of $11.75, a 12% downside surprise. Despite the margin pressure from free-shipping and marketing campaigns, management reiterated confidence that these initiatives will accelerate user engagement and long-term monetization.
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