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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