Why MercadoLibre Gained 11% in August
Shares of (NASDAQ: MELI) gained 11% in August, according to data provided by S&P Global Market Intelligence. It posted another excellent quarter with continued high growth.
MercadoLibre is a Latin American e-commerce and fintech giant that seems unstoppable. After several consecutive quarters of triple-digit revenue growth early in the pandemic, it has kept up high double-digit growth in the aftermath.
Revenue increased 57% year over year in the second quarter to $3.4 billion. Gross merchandise volume increased 47% over last year to $10.5 billion, an acceleration from previous quarters. Operating income more than doubled to $588 million, with a margin of 16.3%, and net income more than doubled from $123 million to $262 million.
Source Fool.com
Mercadolibre Inc Aktie
Mercadolibre Inc als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das Kursziel von 2294 € für Mercadolibre Inc impliziert eine deutliche Steigerung um über 20% gegenüber 1574.0 €.
