MercadoLibre Earnings beat, Revenue misses In Q3

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MercadoLibre Earnings beat, Revenue misses In Q3
Credit: © Reuters.

Investing.com - MercadoLibre (NASDAQ: MELI ) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

MercadoLibre announced earnings per share of $1.92 on revenue of $1.86B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $1.87B.

MercadoLibre shares are down 7.21% from the beginning of the year and are trading at $1,599.06 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 26.83% from the start of the year.

MercadoLibre shares gained 2.87% in after-hours trade the report.

MercadoLibre follows other major Services sector earnings this month

MercadoLibre's report follows an earnings missed by Amazon.com on Thursday, October 28, 2021, who reported EPS of $6.12 on revenue of $110.81B, compared to forecasts EPS of $8.9 on revenue of $111.55B.

Visa A had beat expectations on Tuesday, October 26, 2021 with fourth quarter EPS of $1.62 on revenue of $6.56B, compared to forecast for EPS of $1.55 on revenue of $6.52B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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