Investing.com - MercadoLibre (NASDAQ:MELI) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MercadoLibre announced earnings per share of $-1.02 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.1616 on revenue of $1.21B.
MercadoLibre shares are up 2.43% from the beginning of the year and are trading at $1,699.79 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 3.06% from the start of the year.
MercadoLibre shares lost 0.94% in after-hours trade following the report.
MercadoLibre follows other major Services sector earnings this month
MercadoLibre's report follows an earnings beat by Amazon.com on Tuesday, February 2, 2021, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.19 on revenue of $119.7B.
Alibaba ADR had beat expectations on Tuesday, February 2, 2021 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
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