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.

MercadoLibre is Latin America's largest company by market value, and operates an online marketplace in close to 20 countries and runs fintech Mercado Pago.