Mercadolibre Inc. Announces Increase In Q3 Earnings, Beats estimates

Mercadolibre Inc. (MELI) reported a profit for its third quarter that climbed from the same period last year.

The company's profit totaled $95.23 million, or $1.92 per share. This compares with $15.04 million, or $0.28 per share, in last year's third quarter.

Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 66.1% to $1.86 billion from $1.12 billion last year.

Mercadolibre Inc. earnings at a glance:

-Earnings (Q3): $95.23 Mln. vs. $15.04 Mln. last year.
-EPS (Q3): $1.92 vs. $0.28 last year.
-Analysts Estimate: $1.29
-Revenue (Q3): $1.86 Bln vs. $1.12 Bln last year.

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