MercadoLibre Quarterly Revenue Just Topped $10 Billion for the First Time. Is the Post-Earnings Sell-Off a Gift for Long-Term Investors?
After 30 consecutive quarters of more than 30% top-line growth, investors need more from the bottom line.
Overview
MercadoLibre (NASDAQ: MELI) nailed it on the top line this week. Latin America's leading e-commerce and fintech provider saw its net revenue surge 50% to $10.2 billion for the second quarter, its first time delivering 11-figure top-line results.
Here are just some of the neat things about its blowout performance:
Details
Unfortunately for MercadoLibre and its investors, the market always dives beneath the surface before declaring that the water is fine. Bottom-line results, while better than expected, were rough. The stock responded by sliding as much as 8% on Thursday before settling for a 5% decline by the close.
Source
Originally published at www.fool.com.