MercadoLibre (MELI -0.8%) edges lower after ITG Research says its checks indicate Q4 revenue is...

|By:, SA News Editor

MercadoLibre (MELI -0.8%) edges lower after ITG Research says its checks indicate Q4 revenue is tracking towards a range of $102M-$105M, below a consensus of $105.5M. MELI shares are well off their spring highs, as concerns about competition and slowing growth compress its steep multiples.