Stelleo Tolda, Chief Operating Officer (COO) of MercadoLibre (Online marketplace company) poses at the entrance of the company's headquarters in Sao Paulo, Brazil, July 10, 2017. The company posted a profit of $359.0 million for the July-September period, while analysts polled by LSEG expected $298.1 million. Total net revenue was around $3.8 billion in the quarter ended in September, up 39.8% year-on-year. Within the e-commerce operation, net revenue rose to $2.1 billion, up 45.2%. In its financial services arm, Mercado Pago, net revenue grew 33.2% to $1.6 billion, as the company increased the pace of lending, while its total volume of payments processed also jumped.

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Persons: Stelleo Tolda, Nacho, LSEG, Andre Chaves, Chaves, Mercado, Andre Romani, Peter Frontini, Kylie Madry Organizations: REUTERS, SAO PAULO, Analysts, Mercado Pago, Thomson Locations: Sao Paulo, Brazil, Mexico, Argentina