MercadoLibre (MELI) Stock: Why It Increased Over 16% Today

By Amit Chowdhry ● Aug 4, 2022
  • The stock price of MercadoLibre (MELI) increased by over 16% during intraday trading today. This is why.

The stock price of MercadoLibre (MELI) increased by over 16% during intraday trading today. Investors are responding positively to the company’s second-quarter results.

MercadoLibre reported a Q2 EPS of $2.43, which was $0.50 higher than the analyst estimate of $1.93. And the revenue for the quarter was $2.6 billion compared to the consensus estimate of $2.51 billion.