Benzinga | Aug 10, 2020 08:56AM EDT

MercadoLibre Q2 EPS $1.11 Beats $0.02 Estimate, Sales $878.37M Beat $744.47M Estimate

MercadoLibre (NASDAQ:MELI) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $0.02 by 5450 percent. This is a 258.06 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $878.37 million which beat the analyst consensus estimate of $744.47 million by 17.99 percent. This is a 61.10 percent increase over sales of $545.24 million the same period last year.