EconomyMercadoLibre profit beats forecasts, but third straight decline dents shares

MercadoLibre reported a third consecutive quarterly decline in profit on Wednesday. Higher spending on free shipping and the expansion of its credit-card business put pressure on margins. Record revenue was not enough to offset the weaker profit trend. The company’s shares fell in after-hours trading.

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RReuters★★☆☆☆2026-08-06 01:20Original