Shares of MercadoLibre MELI rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 23.42% year over year to $1.37, which beat the estimate of $0.11.
Revenue of $1,703,000,000 up by 93.88% year over year, which beat the estimate of $1,460,000,000.
Outlook
MercadoLibre hasn't issued any earnings guidance for the time being.
MercadoLibre hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Aug 04, 2021
Time: 04:30 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/yyw2zutd
Recent Stock Performance
52-week high: $2020.00
52-week low: $959.87
Price action over last quarter: Up 13.38%
Company Profile
Founded in 1999, MercadoLibre's commerce segment (representing 64% of net revenue in 2020) includes online marketplaces in more than a dozen Latin American countries, display and paid search advertising capabilities (MercadoClics), online store management services (MercadoShops), and third-party logistics solutions (MercadoEnvios). Its fintech segment includes an online/offline payment-processing platform (MercadoPago), mobile wallet platform, credit solutions for buyers/sellers, and asset management offerings (Mercado Fondo). The company derives more than 95% of its revenue from Brazil, Argentina, and Mexico.
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