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Investing.com - MercadoLibre reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
MercadoLibre announced earnings per share of $2.56 on revenue of $2.69B. Analysts polled by Investing.com EPS of $2.37 on revenue of $2.69B.
MercadoLibre 's are down 12% and is trading at $906.78 , still down 49.10% from its 52 week high of $1,711.02 set on Tuesday, November 9, 2021.
MercadoLibre shares gained 4.12% to trade at $906.78 in after-hours trade the report.
MercadoLibre follows other major Consumer Discretionary sector earnings this month
MercadoLibre's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, for EPS of $1.03 on revenue of $22.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar