I'm LongbridgeAI, I can summarize articles.MercadoLibre (MELI.US) slipped less than 1% during regular trading to a 52-week low of $1,463.63.
The stock is down 9.89% over the past ten sessions, down 6.28% over the past six months and down 27.33% year to date. It sits 37.51% below its 52-week high of US$2342.00.
The Nasdaq Composite is up 3.27% over the past five sessions and up 9.22% year to date.
The company reported third-quarter revenue of $10.75 billion, up 45% year-over-year, but operating profit came in at $680 million, missing expectations by about 7%. Operating margin narrowed 40 basis points sequentially to 6.3%, primarily due to increased spending on logistics, marketing and AI infrastructure. Earnings per share were $8.83, falling short of estimates by $0.44.
Separately, Mercado Pago suspended cryptocurrency transfers due to an outage at an external service provider.
Based on public media reports. AI-generated; not investment advice.