Investing.com - MercadoLibre (NASDAQ:MELI) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MercadoLibre announced earnings per share of $0.28 on revenue of $1.12B. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $985.45M.
MercadoLibre shares are up 46% from the beginning of the year and are trading at $1,333.01 , down-from-52-week-high.They are outperforming the S&P 500 which is up 6.52% from the start of the year.
MercadoLibre shares gained 1.27% 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 Thursday, October 29, 2020, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Visa A had beat expectations on Wednesday, October 28, 2020 with fourth quarter EPS of $1.12 on revenue of $5.1B, compared to forecast for EPS of $1.09 on revenue of $5B.
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