MercadoLibre (NASDAQ:MELI) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
MercadoLibre beat estimated earnings by 28.9%, reporting an EPS of $3.97 versus an estimate of $3.08.
Revenue was up $789.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.85 which was followed by a 1.81% increase in the share price the next day.
Here’s a look at MercadoLibre’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.40 | 2.23 | 1.96 | 1.35 |
| EPS Actual | 3.25 | 2.56 | 2.43 | 1.30 |
| Revenue Estimate | 2.96B | 2.69B | 2.50B | 2.02B |
| Revenue Actual | 3.00B | 2.69B | 2.60B | 2.25B |
To track all earnings releases for MercadoLibre visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
