MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Wednesday reported second-quarter earnings of $262 million.
On a per-share basis, the Montevideo, Uruguay-based company said it had net income of $5.16.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.13 per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $3.42 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $3.28 billion.
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