MercadoLibre Reports Q1 EPS of $8.23 and Revenue of $8.85B
MercadoLibre reported its Q1 earnings results after the market closed on Thursday night, including reporting Q1 EPS of $8.23 and Q1 revenue of $8.85B. Consensus expectations were for Q1 EPS of $8.51 and Q1 revenue of $8.37B. Additionally, the company reported Q1 total payment volume of $87.2B, up 50% year-over-year, and Q1 gross merchandise volume of $19.0B, up 42% year-over-year. In late afternoon trading, shares of MercadoLibre are down nearly 13% to $1,635.00.
