🔴 MercadoLibre is trading 13.3% down today after Q3 profit and operating margin missed forecasts

MercadoLibre is trading at ARS 21,060.00, down 13.34%, after its November 4 third-quarter results missed profit expectations.

• EPS was $8.83, below the $9.27 consensus, while revenue rose 45% to $10.75 billion.
• Reuters said expanded fulfillment capacity, higher free-shipping costs and increased Brazil marketing spending squeezed margins; operating margin was 6.3%, below analysts’ 7% expectation.
• The earnings-driven selloff is the clearest company-specific explanation for the November 5 move.