MercadoLibre revenue surges 45% but shares fall on margin decline
MELI MercadoLibre Inc
$1532.68 +1.50%
View chart & analysis → - 1MercadoLibre recorded a 45% revenue growth rate for the quarter, reaching $10.75 billion.
- 2MercadoLibre shares fell 12% on Thursday.
- 3Management stated that they secured market share in three major markets including Brazil, Mexico, and Argentina.
So what's the key point?
MercadoLibre grew significantly with a 45% increase in revenue. However, the stock price dropped 12% as profit margins declined.
Source The Motley Fool +1 · View original ↗
Nothing hidden: past picks and how they did against the S&P 500.