MercadoLibre Q4 2023 GAAP EPS $3.25, Same YoY, Sales $4.26B Beat $4.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
MercadoLibre (NASDAQ:MELI) reported Q4 2023 earnings of $3.25 per share, unchanged YoY, with sales of $4.26B, beating the $4.12B estimate. This represents a 41.94% increase over the previous year's sales of $3.00B.
February 22, 2024 | 9:37 pm
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MercadoLibre reported Q4 2023 earnings per share of $3.25, consistent with the previous year, and sales of $4.26B, exceeding expectations and showing significant growth.
The positive earnings report, particularly the sales beat and significant year-over-year growth, is likely to instill investor confidence and could lead to a short-term uptick in MELI's stock price. The consistency in EPS YoY, combined with a substantial increase in sales, indicates strong operational performance and market expansion, factors that are typically viewed favorably by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100