MercadoLibre Earnings of $2.74 Fall Short of Expectations, While Profits Exceed Predictions

According to the report from MercadoLibre (NASDAQ: MELI), the earnings per share for the third quarter was $7.83, which is $2.74 lower than the analysts' expectation of $10.57. The reported earnings for this quarter were determined to be $5.31B, while analyst expectations were at $5.27B.

MercadoLibre's stock closed the day at $2,117.30, indicating a 12.41% gain over the past three months. It reflects a 53.13% increase in the stock price over the last 12 months. Over the last 90 days, MercadoLibre has seen 3 positive earnings per share and 2 negative earnings per share. Here you can examine how MercadoLibre's stock price reacted to past earnings reports. According to InvestingPro, MercadoLibre's financial health score is "Good performance." You can find the latest earnings reports and all financial information related to MercadoLibre here. Stay informed about all developments related to balance sheets by visiting the Investing.com Earnings Calendar.