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StockNews.com
Business
Anushka Dutta

Is MercadoLibre (MELI) Worth Watching This Week?

MELI MercadoLibre Inc Uruguay

MercadoLibre, Inc. (MELI) is a Montevideo, Uruguay-based online commerce platform operator in Latin America. The company’s automated online platform allows businesses, merchants, and individuals to list merchandise and conduct sales and purchases online. It also operates a financial technology solution platform called Mercado Pago FinTech.

The company experienced growth across its geographic segments in the first quarter (ended March 31, 2023). Its net revenues and net income available to shareholders came in at $3.04 billion and $3.97 per share, topping the consensus estimates by 5.2% and 20%, respectively.

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