MercadoLibre: Q2 Earnings Snapshot
MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Thursday reported second-quarter profit of $531 million.
On a per-share basis, the Montevideo, Uruguay-based company said it had net income of $10.48.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $8.72 per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $5.07 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.76 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MELI at https://www.zacks.com/ap/MELI