Mercadolibre Inc. Announces 14% Retreat In Q3 Earnings

(RTTNews) - Mercadolibre Inc. (MELI) reported a profit for third quarter that declined compared to the same period last year.

The company said its profit totaled $39.1 million, or $0.89 per share. This was lower than $45.7 million, or $1.03 per share, in last year's third quarter.

The company said revenue for the quarter rose 36.9% to $230.85 million. This was up from $168.64 million last year.

Mercadolibre Inc. earnings at a glance:

-Earnings (Q3): $39.1 Mln. vs. $45.7 Mln. last year. -Earnings Decline (Y-o-Y): -14.4% -EPS (Q3): $0.89 vs. $1.03 last year. -EPS Decline (Y-o-Y): -13.6% -Revenue (Q3): $230.85 Mln vs. $168.64 Mln last year. -Revenue Change (Y-o-Y): 36.9%