Investing.com - MercadoLibre reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MercadoLibre announced earnings per share of $-1.02 on revenue of $1.33B. Analysts polled by Investing.com EPS of $0.1616 on revenue of $1.21B.
MercadoLibre 's are up 2.43% and is trading at $1,699.79 , still down 15.05% from its 52 week high of $2,019.88 set on Thursday, January 21, 2021.
MercadoLibre shares lost 0.94% to trade at $1,699.79 in after-hours trade the report.
MercadoLibre follows other major Services sector earnings this month
MercadoLibre's report follows an earnings beat by Amazon.com on Tuesday, February 2, 2021, who reported EPS of $14.09 on revenue of $125.56B, EPS of $7.19 on revenue of $119.7B.
Alibaba ADR had beat expectations on Tuesday, February 2, 2021 with third quarter EPS of $22.03 on revenue of $221.08B, for EPS of $20.59 on revenue of $214.17B.
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