Why MercadoLibre Shares Are Surging Today
Portfolio Pulse from Lekha Gupta
MercadoLibre Inc's Q2 results exceeded expectations, with revenue of $3.42 billion, up 31.5% Y/Y and 57% Y/Y on FX-neutral basis, beating the consensus of $3.28 billion. EPS of $5.16 also surpassed the consensus of $4.13. The company's shares are trading higher by around 3% following the announcement.
August 04, 2023 | 12:42 pm
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MercadoLibre's strong Q2 results, which surpassed expectations, have led to a rise in its share price.
MercadoLibre's Q2 results exceeded market expectations, with significant Y/Y growth in revenue and EPS. This positive financial performance is likely to boost investor confidence, leading to an increase in demand for the company's shares and a consequent rise in its share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100