MercadoLibre, Inc. (NASDAQ:MELI) shares are trading lower after the company reported its fourth-quarter financial results after the bell Thursday. Here’s a look at the details.
The Details: MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year.
The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion by 3.36% and representing a 41.94% increase over sales of $3 billion from the same period last year.
MercadoLibre highlighted the addition of almost 50,000 new advertisers …
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