MercadoLibre falls on Q2 miss, retail sentiment turns bullish
MercadoLibre stock slid 6% after-hours on a Q2 profit miss, hit by free shipping investments in Brazil. Net income dropped to $523M, below estimates, though revenue beat at $6.8B. Despite margin pressure, retail sentiment surged to 'extremely bullish' on Stocktwits, with users touting the dip as a buying opportunity.