MercadoLibre Q3 net profit $448 million, below $476 million IBES estimate
MercadoLibre reported Q3 net profit of $448 million, compared with the $476 million IBES estimate.
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09:10:46 PM UTC
SquawkNews
By Andre RomaniMercadoLibre NASDAQ:MELI reported third-quarter net profit below market estimates on Wednesday, as heavier spending to expand logistics capacity ahead of the peak holiday shopping season weighed on margins.The Latin American e-commerce and fintech company posted net income of $448 mi…