MercadoLibre: Q4 Earnings Snapshot

Associated Press Finance
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MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — MercadoLibre SA (MELI) on Thursday reported fourth-quarter profit of $165 million.

On a per-share basis, the Montevideo, Uruguay-based company said it had net income of $3.25.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.66 per share.

The operator of an online marketplace and payments system in Latin America posted revenue of $4.26 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $4.14 billion.

For the year, the company reported profit of $987 million, or $19.46 per share. Revenue was reported as $14.47 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

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