MercadoLibre (MELI) Q3 Earnings Miss Estimates
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MercadoLibre (MELI) reported Q3 earnings of $7.83 per share, missing the Zacks Consensus Estimate of $11.27. This is an increase from $7.16 per share a year ago.
November 07, 2024 | 2:30 am
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MercadoLibre's Q3 earnings of $7.83 per share missed the Zacks Consensus Estimate of $11.27, though they increased from $7.16 a year ago.
The earnings miss is significant as it was below the consensus estimate, which could lead to a negative short-term impact on the stock price. However, the year-over-year increase in earnings per share may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100