MercadoLibre Earnings, Revenue beat In Q2

  • Investing.com
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MercadoLibre Earnings, Revenue beat In Q2
Credit: © Reuters.

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

MercadoLibre announced earnings per share of $1.11 on revenue of $878.4M. Analysts polled by Investing.com anticipated EPS of $0.1 on revenue of $757.36M.

MercadoLibre shares are up 108.76% from the beginning of the year and are trading at $1,275.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 27.55% from the start of the year.

MercadoLibre shares gained 6.79% in pre-market trade the report.

MercadoLibre follows other major Technology sector earnings this month

MercadoLibre's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.

Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.

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

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