Mercado Libre (MELI) Misses Q2 EPS by $0.36

Mercado Libre (NASDAQ: MELI) reported Q2 EPS of $0.36, which may not compare to the analyst estimate of $0.59. Revenue for the quarter came in at $199.6 million versus the consensus estimate of $180.94 million.

Pedro Arnt, Chief Financial Officer of Mercado Libre, Inc., commented, “The second quarter of 2016 was one of our strongest quarters ever. Not only have we maintained high growth rates on key operational and financial metrics by executing well, but we are also pleased to report that our enhanced marketplace vision continues to consolidate in our larger markets, and, perhaps more importantly, is starting to materialize outside of those main geographies.”

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

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