MercadoLibre: Q3 Earnings Snapshot

MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Wednesday reported third-quarter profit of $448 million.

On a per-share basis, the Montevideo, Uruguay-based company said it had net income of $8.83.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $9.41 per share.

The operator of an online marketplace and payments system in Latin America posted revenue of $10.75 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $10.66 billion.

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