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MercadoLibre net profit surges, driven by Brazil, Mexico
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<blockquote data-quote="admin" data-source="post: 3443643" data-attributes="member: 1"><p><a href="https://ca.finance.yahoo.com/news/mercadolibre-net-profit-surges-driven-200658455.html" target="_blank"><img src="https://s.yimg.com/uu/api/res/1.2/dGUqFMaXsnGBEpn2Pvaskw--~B/aD01Mjk7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/3832b991e189b21e0c15b92c4f6275b3" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></a></p><p></p><p>Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil and Mexico offset some negative effects in Argentina. MercadoLibre, which operates a marketplace in 18 countries and also owns the fintech Mercado Pago, posted a $344 million net profit in the three months, while analysts polled by LSEG had expected a $314 million net profit.</p></blockquote><p></p>
[QUOTE="admin, post: 3443643, member: 1"] [URL='https://ca.finance.yahoo.com/news/mercadolibre-net-profit-surges-driven-200658455.html'][IMG]https://s.yimg.com/uu/api/res/1.2/dGUqFMaXsnGBEpn2Pvaskw--~B/aD01Mjk7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/3832b991e189b21e0c15b92c4f6275b3[/IMG][/URL] Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil and Mexico offset some negative effects in Argentina. MercadoLibre, which operates a marketplace in 18 countries and also owns the fintech Mercado Pago, posted a $344 million net profit in the three months, while analysts polled by LSEG had expected a $314 million net profit. [/QUOTE]
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