MercadoLibre Experiences Record Growth, Beating Analyst Expectations

While economies in Latin America are cooling down, revenue for MercadoLibre Inc. (NASDAQ: MELI) is heating up. The Argentina-based e-commerce giant posted record revenue and stronger-than-expected profits, reporting net sales of $2.6 billion for the three months ended June 30, up 53% from a year earlier. This is above the $2.5 billion average estimate of analysts Bloomberg [...] The post MercadoLibre Experiences Record Growth, Beating Analyst Expectations appeared first on ETF Trends .