MercadoLibre Stock Dips After Q3 Earnings Miss – Can Brazil Deal Ignite a Rally?
Key Facts: – Share Price: MELI trades around $2,290 (Oct. 28 close), about 20% up year-to-date ts2.tech; market cap ≈$115–116B nasdaq.com. – Q3 Results: Revenue ~$7.41B (+39% YoY) beat estimates investing.com, but net income $421M (+6% YoY) fell short of forecasts reuters.com (EPS ~$8.32 vs. est ~$9.37 investing.com). – New Deals: In late Oct., MercadoLibre struck a partnership to sell Brazilian retailer Casas Bahia’s appliances on its platform from Nov. 2025 ts2.tech (“huge synergy,” said CEO Fernando Yunes ts2.tech). The company also entered Brazil’s online pharmacy market via a drugstore acquisition reuters.com. – Analyst Views: Wall Street is largely bullish