MercadoLibre has reported its second-quarter financial results. The company's net profit fell by about 11% compared to the same period last year. This decline is attributed to investments in free shipping.

The net profit was still above estimates, despite being the third straight decline. Further details on MercadoLibre's financial performance can be found in the original report from the Galveston County Daily News source. For those interested in learning more about MercadoLibre's second-quarter results, the full story is available from the Galveston County Daily News, which provides additional information on the company's performance.