• MercadoLibre Inc MELI.OQ reported quarterly adjusted earnings of $9.74​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $6.78. The mean expectation of eleven analysts for the quarter was for earnings of $8.30 per share. Wall Street expected results to range from $7.30 to $10.07 per share.

• Revenue rose 37% to $5.94 billion from a year ago; analysts expected $5.51 billion.

• MercadoLibre Inc's reported EPS for the quarter was $9.74​.

• The company reported quarterly net income of $494 million.

• MercadoLibre Inc shares had risen by 14.3% this quarter and gained 31.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 16.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for MercadoLibre Inc is $2,500.00

This summary was machine generated from LSEG data May 7 at 08:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)