Mercado Libre (MELI) Posts Q1 EPS of $0.78, Ex-Venezuelan Devaluation
Get Alerts MELI Hot Sheet
Join SI Premium – FREE
Mercado Libre (NASDAQ: MELI) reported Q1 EPS of $0.78, excluding one-time effects of Venezuelan devaluation, which may not compare to the analyst estimate of $0.42. Revenue for the quarter came in at $148.1 million versus the consensus estimate of $139 million.
Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, "The first quarter confirms the sustained momentum of our business, and points a clear direction for our company for the remainder of 2015: replicating the success we are seeing in the roll-out of our enhanced marketplace services in the areas of payments, financing, shipping and branded merchant offerings throughout all our geographies. We are confident that if we are successful in executing on this strategy we will be in great shape for the future."
For earnings history and earnings-related data on Mercado Libre (MELI) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: RH, Estee Lauder rise; Tesla falls
- Stran & Company, Inc. (SWAG) Misses Q4 EPS by 1c
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!