1 Stat That Makes MercadoLibre Stock Hard to Ignore Before Aug. 5
MercadoLibre's dominance in e-commerce and fintech in Latin America is rapidly expanding.
Overview
When MercadoLibre (NASDAQ: MELI) releases its earnings report on Aug. 5, there's one stat I'll be looking at in particular: revenue growth.
Last quarter, MercadoLibre's revenue jumped 49%, its fastest pace in four years. Revenue topped analysts' expectations, and it's a clear indication that the e-commerce and fintech company is rapidly expanding through Latin America as planned.
Details
MercadoLibre's Brazilian market saw a 56% increase. At the same time, its unit shipping costs dropped 17% year over year. This is due to the company's efforts to improve infrastructure and logistics within emerging markets.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.