MercadoLibre Stock Plunges Post-Earnings

This is a news story, published by Yahoo Finance, that relates primarily to MercadoLibre news.

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MercadoLibre Stock Sank Today

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MercadoLibre stock today

The Motley Fool

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Why MercadoLibre Stock Sank Today

Summary

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68% Informative

Shares of Latin American e-commerce platform MercadoLibre ( NASDAQ : MELI) sank on Thursday after reporting financial results for the third quarter of 2024 .

The company's net profit margin was 7.5% , which was quite a drop from its 9.5% margin in the same quarter of last year .

Even with lower margins, it still earned nearly $400 million in Q3 net income -- that's nothing to sneeze at.

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