Been holding MELI for a few years now......... 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.