MercadoLibre Q1 EPS, Revenue Increase; Shares Rise After Hours

MT Newswires Live

05-08

MercadoLibre (MELI) reported Q1 earnings Wednesday of $9.74 per diluted share, up from $6.78 a year earlier.

Analysts polled by FactSet expected $8.27.

Revenue for the quarter ended March 31 was $5.94 billion, up from $4.33 billion a year earlier.

Analysts surveyed by FactSet expected $5.47 billion.

The company's shares were rising past 10% in recent after-hours trading.

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