MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Thursday reported fourth-quarter earnings of $639 million. On…
MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Thursday reported fourth-quarter earnings of $639 million.
On a per-share basis, the Montevideo, Uruguay-based company said it had profit of $12.61.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $7.26 per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $6.06 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $5.84 billion.
For the year, the company reported profit of $1.91 billion, or $37.69 per share. Revenue was reported as $20.78 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
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Publish date : 2025-02-19 20:16:00
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