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MercadoLibre: Q1 Earnings Snapshot

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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This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/MELI

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