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Why MercadoLibre Gained 11% in August

TheMotleyFool 
0 0 04.09.23
Why MercadoLibre Gained 11% in AugustPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png
 

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.

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Source Fool.com

Mercadolibre Inc Stock

€1,573.2
-0.050%
There is nearly no change for the Mercadolibre Inc stock today. Compared to yesterday it only changed by -€0.800.
With 36 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2294 € shows a positive potential of 45.82% compared to the current price of 1573.2 € for Mercadolibre Inc.
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