MercadoLibre earnings beat, Revenue Inline in Q3

  • Investing.com
  • Stock Market News
MercadoLibre earnings beat, Revenue Inline in Q3
Credit: © Reuters.

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

MercadoLibre announced earnings per share of $2.56 on revenue of $2.69B. Analysts polled by Investing.com anticipated EPS of $2.37 on revenue of $2.69B.

MercadoLibre shares are down 12% from the beginning of the year and are trading at $906.78 , down-from-52-week-high.

MercadoLibre shares gained 4.12% 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, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.

Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.

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

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