MercadoLibre (MELI) Tops Q1 EPS by 26c

MercadoLibre (NASDAQ: MELI) reported Q1 EPS of $0.13, $0.26 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $473.8 million versus the consensus estimate of $423.69 million.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “I am very pleased with the results we delivered this quarter. It is encouraging to enter the new year with continued momentum in our business and to see our strategy delivering on multiple fronts in a sustainable manner. Our Marketplace business showed great resiliency, our Payments business is gaining traction in its online to offline efforts, and our Shipping efforts continue growing the size of our managed network. From a financial perspective, the 1Q’19 was a very strong quarter, as net revenues accelerated to 92.9% YoY growth on an FX neutral basis.”

For earnings history and earnings-related data on MercadoLibre (MELI) click here.

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