“The market reacted negatively to the share capital increase with a 5.5% drop in its price, closing at a price of US $ 1,543. Beyond the initial impact, it should be noted that Mercado Libre is a growing company and at that stage companies are looking for the best source of financing, “they assured Invertironline.
In the last presentation of results corresponding to the third quarter of the year the company’s numbers exceeded market expectations in terms of profits and maintaining high growth rates. It reported an earnings per share (EPS) of $ 1.92, which was considerably higher than analysts’ estimates, who were expecting $ 1.25.
“In conclusion, although the news was not well received by the market, Mercado Libre maintains its growth fundamentals and the issuance of shares aims to sustain those fundamentals. From IOL invertironline it is possible to invest from Argentina in the company through CEDEARS in an easy and simple way “, they closed from Invertironline.
Source From: Ambito
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