MercadoLibre (NASDAQ:MELI – Get Rating) posted its quarterly earnings data on Wednesday. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.75, RTT News reports. MercadoLibre had a net margin of 2.68% and a return on equity of 21.93%. During the same quarter last year, the company earned $1.37 EPS.
MercadoLibre Stock Performance
Shares of MELI traded down $10.02 during midday trading on Friday, hitting $1,024.81. 849,713 shares of the stock traded hands, compared to its average volume of 643,940.
