MercadoLibre (NASDAQ:MELI) will report third-quarter earnings on Wednesday at a trying time for the stock. Shares sold off sharply last week as part of a broader rout in Brazilian stocks after Luiz Inácio Lula da Silva won reelection as Brazil's president, contradicting expectations. MercadoLibre is now down 16% year-to-date as profits have fallen due to rising competition and investments in the business. Will MercadoLibre rise or fall after its earnings report Wednesday afternoon? Let's take a look at what to expect.
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