Latin American e-commerce giant MercadoLibre posted a better-than-expected quarterly net profit on Thursday, up nearly four-fold from the same period a year earlier and sending its shares up more than 12% in after-hours trading.

Latin American e-commerce giant MercadoLibre posted on Thursday a better-than-expected quarterly net profit, up nearly four-fold from the same period a year earlier, sending its shares up more than 12% in after-hours trading.

Latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) announced in Q4 CY2024, with sales up 37.4% year on year to $6.06 billion. Its GAAP profit of $12.61 per share was 66.8% above analysts’ consensus estimates.