MercadoLibre Q3 Profit Rises, Results Beat View

(RTTNews) - MercadoLibre Inc (MELI), the Latin American e-commerce technology company, reported third-quarter net income attributable to shareholders of $33.77 million or $0.76 per share, up from $29.28 million or $0.66 per share in the same period last year.

Net revenue for the quarter grew 20 percent to $147.93 million from $123.06 million in the prior-year period.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share for the quarter on revenue of $130.99 million. Analysts' estimates typically exclude special items.

The company declared a quarterly dividend of $0.166 per share, payable on January 15, 2015 to shareholders of record as of the close of business on December 31, 2014.