AI
Fletch
Edit: Maybe buy when and if gap fills.........
MercadoLibre beats Street 1Q forecasts
Associated Press Associated PressMay 4, 2017, 5:01 PMComment
BUENOS AIRES, Argentina (AP) _ MercadoLibre SA (MELI) on Thursday reported first-quarter earnings of $48.5 million.
On a per-share basis, the Buenos Aires, Argentina-based company said it had net income of $1.10.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $273.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $243.1 million.
MercadoLibre shares have increased 51 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $236.51, a rise of 90 percent in the last 12 months.
https://finance.yahoo.com/news/mercadolibre-beats-street-1q-forecasts-210121317.html
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