Movement Alert｜MercadoLibre Intraday Decline 3.01% in Regular Trading, Post-Earnings Margin Pressure and Target Cuts Continue to Weigh

Market Focus11-11 01:41

On November 11, MercadoLibre fell 3.01% in Regular Trading, trading at $1487.47/share, with turnover of $304 million.

The latest established catalyst is continued post-earnings pressure after the company reported third-quarter revenue above expectations but EPS below consensus, followed by analyst target-price cuts that kept sentiment cautious.

MercadoLibre reported Q3 revenue of $10.75 billion, up 45% year over year and modestly above market expectations, while EPS of $8.83 missed consensus near $9.27 to $9.36. Operating income was $676 million, but operating margin slipped to 6.3% as the company increased spending on logistics, free shipping and marketing in Brazil. After the release, Raymond James cut its target price to $2000 from $2100 and BTIG lowered its target to $2050 from $2150, aligning with the recent weakness in the shares.

(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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