Scalper1 News
MercadoLibre stock was up 14% in morning trading on the stock market today after the Latin American e-commerce leader’s Q2 earnings late Thursday walloped Wall Street estimates. MercadoLibre’s (MELI) earnings rose 7% over the year-earlier quarter to 72 cents a share, excluding the effect of the Venezuelan currency devaluation, beating analysts’ consensus by 16 cents. Revenue increased 18% to $131.8 million, when analysts expected a 2% decline. “A Scalper1 News
Scalper1 News