MercadoLibre Stock Slips After Q2 Earnings Report: Details
1. MELI's Q2 earnings missed expectations at $10.31 per share. 2. Revenue rose to $6.79 billion, exceeding estimates of $6.55 billion. 3. Items sold in Commerce increased by 31% year-over-year. 4. Significant growth in Fintech with a 30% user base increase. 5. Stock dropped 6.09% post-results, closing at $2,250.