MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Wednesday reported third-quarter profit of $421 million.
The Montevideo, Uruguay-based company said it had profit of $8.32 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $9.43 per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $7.41 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $7.25 billion.
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