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MercadoLibre Earnings Beat, Revenue Misses In Q3 -Breaking

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© Reuters. MercadoLibre Earnings Beat, Revenue Misses In Q3

Investing.com MercadoLibre (NASDAQ:) Thursday’s third quarter report showed revenue that was below analysts’ expectations and beat forecasts.

MercadoLibre posted earnings per share (EPS) of $1.92, on $1.86B in revenue. Investing.com polled analysts and predicted an EPS of 1.25 for revenue of $1.87B.

MercadoLibre shares have fallen 7.21% since the start of the year. However, they are still below 23.04% of their 52-week high of $2.019.88, which was set on January 21. The shares are performing below the, which has increased 26.83% since the beginning of the year.

Following the publication, MercadoLibre shares rose by 2.87% after hours trade.

MercadoLibre is following other important earnings from the Services sector this month

MercadoLibre reported on Amazon.com’s October 28 earnings, in which they missed EPS forecasts of $8.9 and revenue of $110.81B.

Visa A exceeded expectations by beating all forecasts on October 26, with fourth quarterEPS of $1.62 based on revenue $6.56B. This compares to an expected EPS for revenue $6.52B of $1.55.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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