MercadoLibre, Inc. (NASDAQ:MELI) is set to announce second quarter earning results on Monday 10th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MELI to report 2Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 3101.18 million, while looking forward to loss of $ 0.85 per share bottom line.
Previous Quarter Performance
MercadoLibre, Inc. announced loss for the first quarter of $ 0.44 per share, from the revenue of $ 652.09 million. The quarterly revenues expanded 37.64 percent compared with the same quarter last year. Wall street analysts are predicting, MELI to report 1Q20 loss of $ 0.48 per share from revenue of $ 633.73 million. The bottom line results beat street analysts by $ 0.04 or 8.33 percent, at the same time, top line results outshined analysts by $ 18.36 million or 2.90 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MELI was $ 1193.97, representing a 182.78 % increase from the 52 week low of $ 422.22 and a 4.35 % decrease over the 52 week high of $ 1248.22.
The company has a market capital of $ 59.35 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
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Conference Call
MercadoLibre, Inc. will be hosting a conference call at 9:00 AM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mercadolibre.com
MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.
