MercadoLibre stock jumped late Thursday, after the Latin American e-commerce and fintech company reported first-quarter earnings and sales that easily surpassed expectations.

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MercadoLibre (MELI) said that it earned an adjusted $6.78 per share on sales of $4.3 billion for the March-ending quarter. On average, analysts projected the Uruguay-based company would post adjusted earnings of $6.10 per share on sales of $3.84 billion, according to FactSet.

For the same period a year earlier, MercadoLibre posted adjusted earnings of $3.97 per share on sales of $3.04 billion.

On the stock market today, MercadoLibre stock rose more than 5% to 1,585  in recent after-hours action.

More earnings coverage to come.

MercadoLibre Stock: Technical Ratings

Prior to earnings, MercadoLibre stock gained 3.4% in Thursday trading. Shares are down 4% this year compared to a gain of 6% for the S&P 500. Over the past 12 months, MercadoLibre stock is up 17% compared to a 21.5% gain for the S&P 500.

Coming into the report, MercadoLibre stock had an IBD Composite Rating of 72 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.

Further, MercadoLibre’s IBD Relative Strength Rating was 52 out of 99.

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