Investing.com - MercadoLibre reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MercadoLibre announced earnings per share of $1.3 on revenue of $2.25B. Analysts polled by Investing.com EPS of $1.2 on revenue of $2.02B.
MercadoLibre 's are down 23.32% and is trading at $983.22 , still down 53.65% from its 52 week high of $1,970.13 set on Thursday, September 2, 2021.
MercadoLibre shares gained 7.67% to trade at $983.22 in after-hours trade the report.
MercadoLibre follows other major Consumer Discretionary sector earnings this month
MercadoLibre's report follows an earnings missed by Amazon.com on Thursday, April 28, 2022, who reported EPS of $-7.56 on revenue of $116.44B, EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of $3.22 on revenue of $18.76B, for EPS of $2.26 on revenue of $17.87B.
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