Yahoo Finance MercadoLibre Earnings, Revenue Beat in Q2
Investing.com - MercadoLibre (NASDAQ:MELI) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.31 on revenue of $545.2M. Analysts polled by Investing.com forecast EPS of $0.24 on revenue of $507.19M. That compared to EPS of $-0.25 on revenue of $335.38M in the same period a year earlier. The company had reported EPS of $0.13 on revenue of $473.77M in the previous quarter.
MercadoLibre shares gained 0.73% to trade at $618.00 in after-hours trade following the report.
MercadoLibre follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analysts' expectations on July 30, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.32B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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