MercadoLibre's (MELI) Q2 Earnings & Revenues Beat, Up Y/Y

MercadoLibre (MELI) reported second-quarter 2024 earnings of $10.48 per share, which beat the Zacks Consensus Estimate by 20.2%. The company reported earnings of$ 5.16 per share in the year-ago quarter.Revenues surged 42% on a year-over-year basis (113% on a FX-neutral basis) to $5.07 billion. The top line surpassed the Zacks Consensus Estimate by 6.5%.Total revenues were driven by accelerating commerce and fintech revenues, which grew 53.4% and 27.5% year over year to$ 2.97 billion and $2.1 billion, respec ...