Mercadolibre Inc. Profit Advances In Q2, Beats estimates

Mercadolibre Inc. (MELI) revealed earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $0.12 million, or $2.43 per share. This compares with $0.07 million, or $1.37 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 52.9% to $2.60 million from $1.70 million last year.

Mercadolibre Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $0.12 Mln. vs. $0.07 Mln. last year.
-EPS (Q2): $2.43 vs. $1.37 last year.
-Analyst Estimate: $1.79
-Revenue (Q2): $2.60 Mln vs. $1.70 Mln last year.

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