MercadoLibre MELI reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
MercadoLibre beat estimated earnings by 23.98%, reporting an EPS of $2.43 versus an estimate of $1.96.
Revenue was up $894.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 1.57% increase in the share price the next day.
Here's a look at MercadoLibre's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.35 | 0.95 | 1.29 | 0.11 |
| EPS Actual | 1.30 | -0.92 | 1.92 | 1.37 |
| Revenue Estimate | 2.02B | 2.03B | 1.86B | 1.46B |
| Revenue Actual | 2.25B | 2.13B | 1.86B | 1.70B |
To track all earnings releases for MercadoLibre visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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Posted In: EarningsBZI-Recaps