Investing.com - Fomento Economico Mexicano reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$0.15 on revenue of Mex$126.5B. Analysts polled by Investing.com anticipated EPS of Mex$14.52 on revenue of Mex$123.75B.
Fomento Economico Mexicano shares are down 41.71% from the beginning of the year and are trading at Mex$55.09 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Fomento Economico Mexicano follows other major Consumer/Non-Cyclical sector earnings this month
Fomento Economico Mexicano's report follows an earnings beat by Procter&Gamble on Tuesday, October 20, 2020, who reported EPS of Mex$1.63 on revenue of Mex$19.32B, compared to forecasts EPS of Mex$1.42 on revenue of Mex$18.38B.
Coca-Cola had beat expectations on Thursday, October 22, 2020 with third quarter EPS of Mex$0.55 on revenue of Mex$8.7B, compared to forecast for EPS of Mex$0.46 on revenue of Mex$8.36B.
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