For investors in MercadoLibre (NASDAQ: MELI), the leading e-commerce platform in Latin America, it was difficult to decipher the results for its just completed first quarter. The company's reported net revenue of $321 million, an increase of just 19% year over year, was below analysts' expectations and significantly lower than the stellar growth rates investors have come to expect.
Bottom-line results were even worse, with a loss per share of $0.29, compared to gain of $1.10 in the prior-year quarter.MercadoLibre Executives Talk Accounting Regs, Merchant Loans, and Profits
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