MercadoLibre Inc. (MELI) reported first quarter adjusted EPS of $0.53 after the close Monday, compared to the consensus estimate of $0.54. Revenues jumped to $102.7 million from $83.7 million in the prior year. Analysts on consensus expected revenues of $97.44 million.
MercadoLibre gapped open sharply higher Tuesday and is now up 12.26 at $116.21. The stock has surged to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.