Benzinga | May 5, 2021 04:21PM EDT

MercadoLibre Q1 EPS $(0.68) May Not Compare To $(0.01) Estimate, Sales $1.40B Beat $1.14B Estimate; Co. Purchased $7.8M In Bitcoin During Qtr.

MercadoLibre (NASDAQ:MELI) reported quarterly losses of $(0.68) per share which missed the analyst consensus estimate of $(0.01) by 6700 percent. This is a 54.55 percent decrease over losses of $(0.44) per share from the same period last year. The company reported quarterly sales of $1.40 billion which beat the analyst consensus estimate of $1.14 billion by 22.81 percent. This is a 114.69 percent increase over sales of $652.09 million the same period last year.