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Latam's MercadoLibre posts 79.8% increase in Q2 net income

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Aug 3 (Reuters) - South American e-commerce giant MercadoLibre Inc reported on Wednesday that its second-quarter net income rose 79.8% year-on-year, beating earnings forecasts.

The company's net income for the three-month period was $123 million, beating a Refinitiv forecast of $98.9 million. (Reporting by Aluisio Alves; Writing by Carolina Pulice; Editing by Jonathan Oatis)