MercadoLibre (MELI) Trades Higher Ahead of Earnings After the Close
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Shares of MercadoLibre (Nasdaq: MELI) are 8% this afternoon ahead of Q1 results due after the close. On average, analysts are looking for EPS of $0.09 and revenues of $26.7 million.
In Q4, MercadoLibre reported that Q4 revenues rose 74% and net income rose 189%. Shares of MELI are up 50% since reporting Q4 results.
Analysts are generally positive on MELI heading into the report. 5 of 6 analysts have Buy ratings.
Mercadolibre hosts an online trading and payments platform in Latin America.
In Q4, MercadoLibre reported that Q4 revenues rose 74% and net income rose 189%. Shares of MELI are up 50% since reporting Q4 results.
Analysts are generally positive on MELI heading into the report. 5 of 6 analysts have Buy ratings.
Mercadolibre hosts an online trading and payments platform in Latin America.
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