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