MercadoLibre (MELI) PT Raised to $1,470 at Credit Suisse

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Go back to MercadoLibre (MELI) PT Raised to $1,470 at Credit Suisse

MercadoLibre Gains on Strong EPS Beat, Analyst Says There's 'A Lot to Like'

August 4, 2022 8:17 AM EDT

Shares of MercadoLibre (NASDAQ: MELI) are trading higher in premarket Thursday after the company delivered strong Q2 results.

MELI reported an adjusted EPS of $2.43 on sales of $2.6 billion to top the analyst consensus of $2.02 on revenue of $2.5 billion.

MercadoLibre also reported a Payment volume of $30.19 billion to crush the analyst... More