MercadoLibre (MELI) Q3 Earnings Miss Estimates

MercadoLibre (MELI) came out with quarterly earnings of $7.83 per share, missing the Zacks Consensus Estimate of $11.27 per share. This compares to earnings of $7.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.52%. A quarter ago, it was expected that this operator of an online marketplace and payments system in Latin America would post earnings of $8.72 per share when it actually produced earnings of $10.48, delivering ...