Movement Alert｜MercadoLibre Falls 9.62% in Regular Trading, Mixed Q3 Results and Analyst Target Cuts Weigh on Shares

Market Focus11-05

On November 5, MercadoLibre fell 9.62% in Regular Trading, trading at $1535.7 per share, with turnover of $287 million.

The move followed a mixed third-quarter report and subsequent analyst target cuts, even though revenue topped expectations and the company continued to post strong operating growth across e-commerce and fintech.

For the quarter reported on November 4, MercadoLibre posted revenue of $10.75 billion, above consensus near $10.66 billion to $10.69 billion, while EPS of $8.83 missed expectations of about $9.27. Reported operating details remained strong: Brazil GMV grew 36%, monthly active users rose 29%, assets under management increased 67%, and the credit portfolio reached $19.0 billion, up 62%, with the 15-90 day delinquency ratio stable at 7%. Even so, the earnings miss and lower analyst forecasts appeared to dominate investor reaction, pushing the stock sharply lower.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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