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0 -0.000561482313307131 0.000561482313307131 0.00224592925322852 0.00224592925322852 0.00449185850645705 0.00393599101628298 0.00448624368332398
Stock impact report

MercadoLibre Loses $17 Billion of Market Value on Profit Miss [Yahoo! Finance]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration Paris Restricts Through Traffic in City Center From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow The shares sank 16% after the company reported net income and other profit metrics that far trailed estimates on the back of increased investments in its credit business and logistics. Still, most analysts remained broadly positive on the long-term potential for MercadoLibre and its ability to deliver on its stated goals to grow its dominance in online retail and become one of the region's largest financial services provider. MercadoLibre “has undergone several ‘show me' moments in its recent history as it doubled down on some capital allocation decisions that raised questions and triggered intense stock selloffs over time,” Itau BBA analysts Rodrigo Gastim and Maria Clara Infantozzi, wrote in a report. “And the common denominator has always been Show less Read more
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