MercadoLibre Earnings, Revenue Beat in Q2
2022.08.03 23:34
MercadoLibre Earnings, Revenue Beat in Q2
Investing.com – MercadoLibre (NASDAQ:MELI) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
MercadoLibre announced earnings per share of $2.43 on revenue of $2.6B. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $2.51B.
MercadoLibre shares are down 33.93% from the beginning of the year, still down 54.78% from its 52 week high of $1,970.13 set on September 2, 2021. They are under-performing the Nasdaq 100 which is down 18.79% from the start of the year.
MercadoLibre shares lost 0.10% in after-hours trade following the report.
MercadoLibre follows other major Consumer Discretionary sector earnings this month
MercadoLibre’s report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
