MercadoLibre Earnings, Revenue beat In Q3

  • Investing.com
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MercadoLibre Earnings, Revenue beat In Q3
Credit: © Reuters.

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

MercadoLibre announced earnings per share of $0.28 on revenue of $1.12B. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $985.45M.

MercadoLibre shares are up 46% from the beginning of the year and are trading at $1,333.01 , down-from-52-week-high.They are outperforming the S&P 500 which is up 6.52% from the start of the year.

MercadoLibre shares gained 1.27% in after-hours trade the report.

MercadoLibre follows other major Services sector earnings this month

MercadoLibre's report follows an earnings beat by Amazon.com on Thursday, October 29, 2020, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.

Visa A had beat expectations on Wednesday, October 28, 2020 with fourth quarter EPS of $1.12 on revenue of $5.1B, compared to forecast for EPS of $1.09 on revenue of $5B.

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

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