E-commerce technology company MercadoLibre, Inc. (NASDAQ: MELI) has posted mixed results for the first quarter ended March 31, 2022. Surprisingly, shares of the company rose 8.1% to close at $987 in Thursday’s extended training session after declining 10.8% in the normal trading hours. Revenue & Earnings MercadoLibre’s net revenues for the quarter came in at $2.2 billion, up 63.1% year-over-year. Further, the figure surpassed the consensus estimate of $2.02 billion. Revenues from net service and net product, the key revenue segments, rose 62.4% and 69.6% year-over-year, respectively, and gave strength to the overall growth in revenues for the company. The company’s earnings for the quarter stood at $1.
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MercadoLibre (NASDAQ:MELI)
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