MercadoLibre (MELI) Tops Q1 EPS by 116c

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Go back to MercadoLibre (MELI) Tops Q1 EPS by 116c

MercadoLibre (MELI) shares slide despite Q1 profit and revenue rising

May 4, 2023 2:27 PM EDT

MercadoLibre (NASDAQ: MELI) reported first-quarter earnings after the close Wednesday, beating top and bottom-line consensus estimates.

The online marketplace firm reported Q1 EPS of $3.97, $1.16 better than the analyst estimate of $2.81, while revenue which grew 58.4% year-over-year, came in at $3 billion versus the consensus estimate of... More