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"MercadoLibre Inc., which operates an online marketplace and payments system in Latin America, said Wednesday that its third-quarter profit jumped as revenue rose and financial expenses declined.

Shares of MercadoLibre, whose net income beat analyst views but revenue missed expectations, fell more than 6 percent in after-hours trading.

For the quarter that ended Sept. 30, MercadoLibre earned $18.8 million, or 43 cents per share, compared with $9.9 million, or 22 per share, in the year-ago quarter.

Analysts polled by Thomson Reuters expected a profit of 31 cents per share.

Revenue of the company, which counts eBay Inc. as its largest shareholder, rose nearly 11 percent to $56 million, well below the $62.4 million analysts were looking for."


cont'd


http://abcnews.go.com/Technology/wireStory?id=12049734
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