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Investor's Business Daily

Investor's Business Daily

MercadoLibre Stock Tumbles. Sales Beat Estimates But Earnings Miss.

Investor's Business Daily
Summary
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87% Informative

Latin American e-commerce company MercadoLibre (MELI) reported third quarter earnings that were below expectations.

The Uruguay -based company posted adjusted earnings of $ 7.83 per share on sales of $5.31 billion for the September-ended quarter .