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MercadoLibre Stock Jumps On Big Q4 Earnings Beat, Strong Sales Growth
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MercadoLibre stock jumped late Thursday after the Latin America-focused e-commerce company reported strong fourth-quarter sales growth and earnings that easily beat expectations. MercadoLibre said that it earned an adjusted $12.61 per share on sales of $6.1 billion for the December-ended quarter. Earnings increased 286% year-over-year for MercadoLibre while revenue grew 37%.
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