BUENOS AIRES (dpa-AFX) - Mercadolibre Inc. (MELI) revealed a profit for its third quarter that Increased, from last year but missed the Street estimates.
The company's earnings came in at $421 million, or $8.32 per share. This compares with $397 million, or $7.83 per share, last year.
Analysts on average had expected the company to earn $9.3 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 39.5% to $7.409 billion from $5.312 billion last year.
Mercadolibre Inc. earnings at a glance (GAAP) :
-Earnings: $421 Mln. vs. $397 Mln. last year. -EPS: $8.32 vs. $7.83 last year. -Revenue: $7.409 Bln vs. $5.312 Bln last year.
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