MercadoLibre: Q3 Earnings Snapshot

MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Wednesday reported third-quarter net income of $397 million.

The Montevideo, Uruguay-based company said it had profit of $7.83 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $11.27 per share.

The operator of an online marketplace and payments system in Latin America posted revenue of $5.31 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $5.25 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