Benzinga | Nov 4, 2020 04:16PM EST

MercadoLibre Q3 EPS $0.28 Beats $0.17 Estimate, Sales $1.12B Beat $971.41M Estimate

MercadoLibre (NASDAQ:MELI) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.17 by 64.71 percent. This is a 129.47 percent increase over losses of $(0.95) per share from the same period last year. The company reported quarterly sales of $1.12 billion which beat the analyst consensus estimate of $971.41 million by 14.88 percent. This is a 85.07 percent increase over sales of $603.03 million the same period last year.