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$MELI excellent earnings report, first level 1615 before next leg higher. Recall big selloff from 1800+ when company announced last Earnings. Long term Investment https://t.co/rNrmBVklkT
$MELI MercadoLibre Q1 FY24: • GMV +71% Y/Y fxn (fx neutral). • TPV +86% Y/Y fxn. • Revenue +94% Y/Y fxn to $4.3B ($0.5B beat). 📦 Commerce +113% Y/Y fxn to $2.5B. 💳 Fintech +74% Y/Y fxn to $1.8B. • EPS $6.78 ($0.83 beat). https://t.co/Vj3opAKoE8
MERCADOLIBRE $MELI EARNINGS EPS: $6.78 vs. $6.60 est. REV: $4.33B vs. $3.94B est. https://t.co/wmG0F2oYCJ
MercadoLibre, Inc. (MELI) reported a significant beat in its Q1 FY24 earnings, surpassing analyst expectations with earnings per share (EPS) of $6.78, beating estimates by $0.83, and revenue of $4.33 billion, exceeding forecasts by $0.5 billion. The company's gross merchandise volume (GMV) and total payment volume (TPV) saw year-over-year increases of 71% and 86%, respectively. Additionally, MercadoLibre's commerce and fintech sectors experienced growths of 113% and 74% respectively.
