MercadoLibre Earnings miss, Revenue beats In Q1 By Investing.com

MercadoLibre (NASDAQ:MELI) reported on Monday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

MercadoLibre announced earnings per share of $-1.02 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.1616 on revenue of $1.21B.

MercadoLibre shares are up 2.43% from the beginning of the year and are trading at $1,699.79 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 3.06% from the start of the year.

MercadoLibre shares lost 0.94% in after-hours trade the report.

MercadoLibre follows other major Services sector earnings this month

MercadoLibre’s report follows an earnings beat by Amazon.com on February 2, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.19 on revenue of $119.7B.

Alibaba ADR had beat expectations on February 2 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar