MercadoLibre (MELI) Beats Q2 Earnings and Revenue Estimates

MercadoLibre (MELI) came out with quarterly earnings of $10.48 per share, beating the Zacks Consensus Estimate of$ 8.72 per share. This compares to earnings of $5.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.18%. A quarter ago, it was expected that this operator of an online marketplace and payments system in Latin America would post earnings of$ 6.64 per share when it actually produced earnings of $6.78, delivering a ...