Why MercadoLibre Stock Was Climbing Today
Shares of MercadoLibre (NASDAQ: MELI) were climbing today after the Latin American e-commerce company delivered a strong third-quarter earnings report last night and beat estimates on the bottom line.
As of 2:54 p.m. ET, the stock was up 7.1%.
Revenue jumped 60.6% on a currency-neutral basis to $2.69 billion, which essentially matched estimates at $2.68 billion.
Source Fool.com
