MELI GAAP EPS of $10.48, beats by $2.00.
Sales of $5.07B, beats by $390M.
Bullish fundamentals will rally the stock to new 52-week highs Today regardless of U.S. market weakness.
Thank you for Reading and Trading.
POTC~
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Recent History of the GDP Indicator
Econoday consensus is calling for a 0.1% drop in the 3rd estimate for Q3, illustrated above. Apart from Inventories, where changes are often difficult to interpret, Demand indications in the 2nd estimate were positive with final Sales up 2.7%. | |||||||||||||||