MercadoLibre's net profit more than doubles in second quarter, beats estimates-March 2024-www.financetom.com

MercadoLibre's net profit more than doubles in second quarter, beats estimates

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MercadoLibre's net profit more than doubles in second quarter, beats estimates

Aug 1, 2024 1:36 PM

SAO PAULO, Aug 1 (Reuters) - Latin America e-commerce

giant MercadoLibre ( MELI ) said on Thursday its net profit more

than doubled in the second quarter from a year earlier, beating

analysts estimates.

MercadoLibre ( MELI ), which operates a marketplace in 18 countries

and also owns the fintech Mercado Pago, posted a $531 million

net profit for the quarter ended in June, above the $432 million

profit that analysts polled by LSEG expected.

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