MercadoLibre Q3 EPS $8.83 Misses $9.27 Estimate, Sales $10.750B Beat $10.663B Estimate

MercadoLibre (NASDAQ:MELI) reported quarterly earnings of $8.83 per share which missed the analyst consensus estimate of $9.27 by 4.75 percent. This is a 6.13 percent increase over earnings of $8.32 per share from the same period last year. The company reported quarterly sales of $10.750 billion which beat the analyst consensus estimate of $10.663 billion by 0.82 percent. This is a 45.09 percent increase over sales of $7.409 billion the same period last year.