MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Thursday reported profit of $417 million in its first quarter.
On a per-share basis, the Montevideo, Uruguay-based company said it had net income of $8.23.
The operator of an online marketplace and payments system in Latin America posted revenue of $8.85 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $8.44 billion.
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