MercadoLibre shares jump on strong Q4 earnings beat

Investing.com -- MercadoLibre Inc (NASDAQ: MELI) shares surged more than 12% to $2,380 in aftermarket trading after the Latin American e-commerce giant reported fourth-quarter earnings that comfortably exceeded Wall Street estimates.

The company posted earnings per share of $12.61, beating analysts' expectations by $4.56 of $8.05.

Revenue for the quarter reached $6.06 billion, surpassing the consensus estimate of $5.79 billion.

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