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MercadoLibre Earnings Miss, Revenue Beats In Q4 -Breaking

by Mike Robinson

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© Reuters. MercadoLibre Earnings Miss, Revenue Beats In Q4

Investing.com – MercadoLibre (NASDAQ: ) On Tuesday, the fourth quarter was reported by (NASDAQ :). It missed analyst forecasts but generated revenue above expectations.

MercadoLibre reported earnings per share at $-0.92 for revenue of $2.13B. Investing.com polled analyst to predict EPS at $0.9973 on revenues of $2.02B.

MercadoLibre shares have fallen 34.15% since the start of the year. However, they are still 54.93% below their 52-week high of $1970.13, which was set September 2, 2021. They have been underperforming, with 15.01% less than the starting of the year.

MercadoLibre’s earnings are in line with other Consumer Discretionary sectors this month

MercadoLibre reported on the earnings beat of Amazon.com. They announced EPS figures of $27.75 on $137.41B in revenue, compared with forecasts EPS numbers of $3.61 and $137.68B.

Tesla exceeded expectations by beating forecasts on January 26, with fourth-quarter EPS of 2.54 on revenue $17.72B. This compares to forecast for EPS $2.36 on revenue $17.13B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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