04:31 PM EDT, 08/01/2024 (MT Newswires) -- MercadoLibre ( MELI ) reported Q2 net income late Thursday of $10.48 per diluted share, up from $5.16 a year earlier.

Analysts polled by Capital IQ expected $8.48.

Revenue for the quarter ended June 30 was $5.07 billion, compared with $3.59 billion a year earlier.

Analysts expected $4.68 billion.

Shares were advancing over 8% in extended session.

Price: 1,740.01, Change: +133.95, Percent Change: +8.34