Ebene Magazine – MercadoLibre profit missed, sales beat first quarter

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Investing.com – MercadoLibre (NASDAQ:

MELI

) reported on Monday of the first quarter

Merits

This missed the analysts’ forecasts and sales that exceeded expectations.

MercadoLibre announced earnings per share of USD -1.02 on sales of USD 1.33 billion. Analysts polled by Investing.com expected earnings per share of $ 0.1616 on sales of $ 1.21 billion.

MercadoLibre shares are up 2.43% year-to-date, trading at $ 1,699.79 from their 52-week high

Nasdaq 100

That is an increase of 3.06% since the beginning of the year.

The report from MercadoLibre follows a profit jump from Amazon.com on Tuesday, February 2, 2021, which posted earnings per share of $ 14.09 on sales of Reported $ 125.56 billion, compared with earnings per share of $ 7.19 on revenue of $ 119.7 billion.

Alibaba ADR had expectations on Tuesday, February 2, 2021 with a Earnings per share of $ 22.03 on revenue of $ 221.08 billion in the third quarter, compared to a forecast for earnings per share of $ 20.59 on revenue of $ 214.17 billion. </ We encourage you to use comments to connect with users, share your perspective, and ask questions to authors and each other. However, in order to maintain the high level of discourse that we all appreciate and expect, please note the following criteria:

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