MercadoLibre Earnings, Revenue beat In Q2

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

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 $1.37 on revenue of $1.70B. Analysts polled by Investing.com anticipated EPS of $0.2362 on revenue of $1.49B.

MercadoLibre shares are up 17.28% from the beginning of the year and are trading at $1,630.00 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 17.22% from the start of the year.

MercadoLibre shares gained 3.82% in after-hours trade the report.

MercadoLibre follows other major Consumer Discretionary sector earnings this month

MercadoLibre's report follows an earnings beat by Amazon.com on Thursday, July 29, 2021, who reported EPS of $15.12 on revenue of $113.08B, compared to forecasts EPS of $12.23 on revenue of $115.42B.

Tesla had beat expectations on Monday, July 26, 2021 with second quarter EPS of $1.45 on revenue of $11.96B, compared to forecast for EPS of $0.9417 on revenue of $11.51B.

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

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