Mercado Libre (MELI) Tops Q1 EPS by 12c

Mercado Libre (NASDAQ: MELI) reported Q1 EPS of $0.68, $0.12 better than the analyst estimate of $0.56. Revenue for the quarter came in at $157.6 million versus the consensus estimate of $145.95 million.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “The year has gotten off to a great start already coming off one of our strongest years ever. We are very satisfied to see our business outperform market growth rates, while continuing to improve the quality and quantity of value added services we offer in Latin America. We believe that this quarter’s results are clear indicators that Mercado Libre is driving value to its users, while also scaling the business for the long term.”

For earnings history and earnings-related data on Mercado Libre (MELI) click here.

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