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Investing.com - MercadoLibre reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MercadoLibre announced earnings per share of $-0.68 on revenue of $1.38B. Analysts polled by Investing.com EPS of $0.0717 on revenue of $1.16B.
MercadoLibre 's are down 8.64% and is trading at $1,540.21 , still down 24.23% from its 52 week high of $2,019.88 set on Thursday, January 21, 2021.
MercadoLibre shares gained 0.63% to trade at $1,540.21 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 Thursday, April 29, 2021, who reported EPS of $15.79 on revenue of $108.52B, EPS of $9.54 on revenue of $104.51B.
Visa A had beat expectations on Tuesday, April 27, 2021 with second quarter EPS of $1.38 on revenue of $5.73B, for EPS of $1.27 on revenue of $5.56B.
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