MercadoLibre (NASDAQ: MELI ) is up big today after reporting earnings, beating on both the top and bottom lines. Nicknamed "The eBay (NASDAQ: EBAY ) of Latin America," the company has shown four straight years of more than 30% growth per year, but has had a very rough go of things during the past several months.
In this video from Friday's edition of Investor Beat, host Chris Hill and Motley Fool analyst Ron Gross take a look at MercadoLibre and its success despite its geographical headwinds. They also look at the incredible growth of the stock that eBay doesn't have, and whether or not the company can maintain this pace.
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