Mercadolibre Q1 Profit Rises - Quick Facts

(RTTNews) - Mercadolibre, Inc. (MELI) Tuesday reported first-quarter net income attributable to company shareholders of $30.3 million or $0.69 per share, up from $17.5 million or $0.40 per share in the same period last year.

Adjusted net income for the latest first quarter rose to $27.7 million or $0.63 per share from $23.4 million or $0.53 per share in the comparable quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $115.38 million from $102.73 million last year. Analysts expected revenues of $109.37 million.