Why Is MercadoLibre Falling After Earnings?
The stock market was hovering near flat for much of the day on Tuesday, but Latin American e-commerce and fintech company MercadoLibre (NASDAQ: MELI) was a big underperformer. Shares were down by more than 4% at 3:15 p.m. EST and had been down by more than 5% earlier in the session.
The short explanation for today's move is that MercadoLibre reported its fourth-quarter earnings on Monday after the market's close, and investors don't seem too thrilled with the results.
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Source Fool.com
