MercadoLibre (MELI) Q4 Earnings Lag Estimates

MercadoLibre (MELI) came out with quarterly earnings of $3.25 per share, missing the Zacks Consensus Estimate of $6.66 per share. This compares to earnings of $3.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -51.20%. A quarter ago, it was expected that this operator of an online marketplace and payments system in Latin America would post earnings of $5.85 per share when it actually produced earnings of $7.16, delivering a ...