MercadoLibre (MELI) Tops Q4 EPS by 8c, Revenues Beat

MercadoLibre (NASDAQ: MELI) reported Q4 EPS of ($0.05), $0.08 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $428 million versus the consensus estimate of $410.33 million.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “I am pleased to report another quarter of solid performance in our business, across our key business units. During the 4Q’18 we have continued our efforts to re-calibrate our P&L with initiatives such as continued changes to our discounted shipping initiatives, and free listing caps, which allowed us to improved enhanced marketplace monetization. As a consequence our Net Revenues accelerated for the 3rd consecutive quarter, reaching 61.8% YoY on an FX neutral basis.”

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

You May Also Be Interested In

• Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
• Avantor (AVTR) Tops Q1 EPS by 2c
• Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short