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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Chris Hill owns shares of eBay. Ron Gross has no position in any stocks mentioned. The Motley Fool recommends eBay and MercadoLibre. The Motley Fool owns shares of eBay and MercadoLibre. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.