04:39 PM EDT, 05/02/2024 (MT Newswires) -- MercadoLibre ( MELI ) reported Q1 earnings late Thursday of $6.78 per diluted share, up from $3.97 a year earlier.

Analysts surveyed by Capital IQ expected $5.95.

Revenue for the quarter ended March 31 was $4.33 billion, up from $3.19 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.87 billion.

Shares of the company rose 5.5% in after-hours trading.

Price: 1,590.00, Change: +84.01, Percent Change: +5.58