MercadoLibre Q2 2024 GAAP EPS $10.48 Beats $8.46 Estimate, Sales $5.073B Beat $4.680B Estimate
Portfolio Pulse from Benzinga Newsdesk
MercadoLibre (NASDAQ:MELI) reported strong Q2 2024 earnings, with GAAP EPS of $10.48 beating the $8.46 estimate and sales of $5.073 billion surpassing the $4.680 billion estimate. This represents a 48.55% increase in sales compared to the same period last year.
August 01, 2024 | 8:37 pm
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MercadoLibre reported Q2 2024 GAAP EPS of $10.48, beating the $8.46 estimate by 23.88%. Sales were $5.073 billion, surpassing the $4.680 billion estimate by 8.39%, and representing a 48.55% increase YoY.
MercadoLibre's strong earnings and revenue beat, along with significant YoY growth, are likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100