MercadoLibre Earnings, Revenue beat In Q1

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MercadoLibre Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - MercadoLibre (NASDAQ: MELI ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

MercadoLibre announced earnings per share of $1.3 on revenue of $2.25B. Analysts polled by Investing.com anticipated EPS of $1.2 on revenue of $2.02B.

MercadoLibre shares are down 32.27% from the beginning of the year and are trading at $980.00 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 21.26% from the start of the year.

MercadoLibre shares gained 7.31% in after-hours trade the report.

MercadoLibre follows other major Consumer Discretionary sector earnings this month

MercadoLibre's report follows an earnings missed by Amazon.com on Thursday, April 28, 2022, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.

Tesla had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.

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

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