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HomeMarketMercadoLibre Earnings Beat, Revenue In line In Q3 By Investing.com

MercadoLibre Earnings Beat, Revenue In line In Q3 By Investing.com

© Reuters MercadoLibre Earnings Beat, Revenue In line In Q3
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Investing.com – MercadoLibre (NASDAQ:) reported on Thursday third quarter 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, still down 49.10% from its 52 week high of $1,711.02 set on November 9, 2021.

MercadoLibre shares gained 4.12% in after-hours trade following the report.

MercadoLibre follows other major Consumer Discretionary sector earnings this month

MercadoLibre’s report follows an earnings beat by Amazon.com on October 27, 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 October 19 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

Story Credit: investing.com

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