MercadoLibre Q2 EPS $5.16 Beats $4.13 Estimate, Sales $3.42B Beat $3.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
MercadoLibre reported Q2 earnings of $5.16 per share, beating the analyst consensus estimate of $4.13 by 24.94%. This is a 112.35% increase from the same period last year. The company also reported quarterly sales of $3.42 billion, beating the analyst consensus estimate of $3.28 billion by 4.12%, a 31.50% increase from the same period last year.
August 04, 2023 | 12:06 pm
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MercadoLibre's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance.
MercadoLibre's Q2 earnings and sales beat analyst estimates, which is a strong positive signal for the company's financial performance. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100