Buy MercadoLibre Stock On This Post-Earnings Dip. Here's What the Market's Missing.

There's no denying that investors were less than thrilled with the third-quarter results MercadoLibre (NASDAQ: MELI) posted last week. Shares tumbled more than 16% on Thursday alone in response to the numbers, and are still well down from the pre-earnings peak at the time of this writing.For investors who can look past all the post-earnings noise, however, this pullback is a buying opportunity. The market's ignoring an important detail regarding its recent (and near-future) results.MercadoLibre missed its earnings estimates by a country mile, reporting a per-share profit of $7.83 versus a consensus estimate of $10. Although sales grew a firm 37% year over year and per-share income edged a little higher, it just wasn't enough. Soaring spending that led to a marked decline in operating income just rattled investors -- and understandably so.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool