MercadoLibre (NASDAQ:MELI) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
MercadoLibre missed estimated earnings by 3.7%, reporting an EPS of $1.3 versus an estimate of $1.35.
Revenue was up $870.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.87 which was followed by a 3.68% increase in the share price the next day.
Here's a look at MercadoLibre's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.95 | 1.29 | 0.11 | -0.01 |
| EPS Actual | -0.92 | 1.92 | 1.37 | -0.68 |
| Revenue Estimate | 2.03B | 1.86B | 1.46B | 1.14B |
| Revenue Actual | 2.13B | 1.86B | 1.70B | 1.38B |
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.
