MercadoLibre: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 03:09 AM ET
Last Updated - Aug 02, 2024, 03:09 AM EDT
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.
