Investing.com - Fomento Economico Mexicano reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$16.1 on revenue of Mex$142.44B. Analysts polled by Investing.com anticipated EPS of Mex$17.43 on revenue of Mex$139.7B.
Fomento Economico Mexicano shares are up 11.65% from the beginning of the year and are trading at Mex$82.85 , down-from-52-week-high.They are outperforming 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 Coca-Cola on Wednesday, who reported EPS of Mex$0.65 on revenue of Mex$10.04B, compared to forecasts EPS of Mex$0.577 on revenue of Mex$9.78B.
PepsiCo had beat expectations on Tuesday, October 5, 2021 with third quarter EPS of Mex$1.79 on revenue of Mex$20.19B, compared to forecast for EPS of Mex$1.73 on revenue of Mex$19.39B.
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