MercadoLibre Up After Earnings, One Key Metric Keeps Focus
MercadoLibre shares rose 2.9% to $1,696.17 in pre-market trading Thursday, valuing the company at about $86 billion. First-quarter net revenue surged 49% to $8.8 billion, but net income fell 15.6% to $417 million as operating margin slipped to 6.9%. Management said the margin squeeze is intentional, citing heavy investment in commerce and fintech. Brazil led growth, with items sold up 56% after shipping changes.