Is It Time to Buy MercadoLibre Stock?

MercadoLibre's (NASDAQ: MELI) stock price sank by 16% on Nov. 7 after the company posted its third-quarter earnings report. The Latin American e-commerce leader's revenue jumped 35% year over year (103% in currency-neutral terms) to $5.31 billion, which exceeded analysts' consensus estimate by $30 million. But its net income only grew by 11% to $397 million, or $7.83 per share, which missed analysts' expectations by $2.02 per share.That large bottom-line miss overshadowed the company's robust top-line growth. But could this pullback actually be a golden opportunity to buy into a high-growth stock that's still up nearly 40% over the past 12 months?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool