MercadoLibre (MELI) Misses Q3 EPS, Revs

MercadoLibre (NASDAQ: MELI) reported Q3 EPS of ($2.96), which does not compare to the analyst estimate of $0.09. Revenue for the quarter came in at $603 million versus the consensus estimate of $647.92 million.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “We continue to make significant inroads in our key strategic initiatives and reached important milestones this quarter both in FinTech and logistics. As we move into the fourth quarter and 2020, we will continue to focus on delivering an ever-improving user experience, adding functionalities to our user base and leveraging our ecosystem’s unique competitive advantages.”

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

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
• Seacoast Banking Corporation of Florida (SBCF) Tops Q1 EPS by 2c