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MercadoLibre revenue surges 45% but shares fall on margin decline

The Motley Fool +1 · ·by G4L

MELI MercadoLibre Inc
$1532.68 +1.50%
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  1. 1MercadoLibre recorded a 45% revenue growth rate for the quarter, reaching $10.75 billion.
  2. 2MercadoLibre shares fell 12% on Thursday.
  3. 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 ↗

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