MercadoLibre Reports Slight Drop in Q2 Earnings Amid Revenue Growth

MercadoLibre Inc. Reports Slight Decline in Second Quarter Earnings In its latest financial disclosure, MercadoLibre Inc. (MELI) announced a modest decrease in its net income for the second quarter compared to the same period last year. The company's net earnings reached $523 million, translating to $10.31 per share, down slightly from $531 million or $10.48 per share in the previous year. Despite the dip in profit, the company experienced significant revenue growth, which increased by approximately 33.8% to $6.79 billion from $5.07 billion a year earlier. Key financial highlights for MercadoLibre (GAAP): - Net Income: $523 million, down from $531 million last year - Earnings per Share: $10.31, compared to $10.48 previously - Revenue: $6.79 billion, up from $5.07 billion in the prior year Please note that these insights reflect the company's financial performance and do not necessarily represent the views of Nasdaq, Inc.