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MercadoLibre beats revenue forecast but misses profit expectations

MercadoLibre reports Q1 revenue up 49% year-on-year to $8.8bn, beating estimates, but net income fell 16% to $417m, missing forecasts for the fourth consecutive quarter.

May 8 · 02:05:02 · primary fetch1 sourceupdated May 8 · 02:05:02

Bloomberg: MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+ after hours — Shares in e-commerce and fintech giant MercadoLibre Inc.

slipped after profits missed estimates for the fourth quarter in a row even as revenue grew …

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techmeme.comMercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+ after hours (Bloomberg)primary02:05:02