August 18, 2022

News of the Trade

Latest trading, investing, and financial news

Latin American e-commerce site MercadoLibre beats with Q2 net sales up 53% YoY to $2.6B vs. $2.5B est., and operating margins of 9.6% vs. 7% est.; stock up 13%+ (Bloomberg)

Bloomberg:
Latin American e-commerce site MercadoLibre beats with Q2 net sales up 53% YoY to $2.6B vs. $2.5B est., and operating margins of 9.6% vs. 7% est.; stock up 13%+  —  Latin American e-commerce retailer and fintech provider MercadoLibre Inc. is reaping the rewards of its investment across …