MELI · PEAD ↓ 34

MercadoLibre reported Q2 2026 EPS of $9.19 on 2026-08-03, beating the $8.69 consensus by $0.50 (+5.8%).

Print-day reaction was a muted +1.1% versus the prior close, a notably underwhelming move given the consensus beat. The stock gapped down overnight by -0.5%, signalling early fading of the initial enthusiasm. Over the following two trading days the price drifted sharply lower by -3.1%, decisively reversing the print-day gain. Cumulative abnormal return of -5.4% versus SPY.US places this firmly in PEAD short territory; per the documented drift pattern, the read holds through 2026-10-29.