Investing.com - Ambev SA reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.19 on revenue of $15.72B. Analysts polled by Investing.com anticipated EPS of $0.0236 on revenue of $2.92B.
Ambev SA shares are up 0.93% from the beginning of the year, still down 15.95% from its 52 week high of $3.95 set on June 8. They are under-performing the Nasdaq which is up 14.54% from the start of the year.
Ambev SA follows other major Consumer Staples sector earnings this month
Ambev SA's report follows an earnings beat by Coca-Cola on July 21, who reported EPS of $0.68 on revenue of $10.1B, compared to forecasts EPS of $0.5625 on revenue of $9.31B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.72 on revenue of $19.22B, compared to forecast for EPS of $1.53 on revenue of $17.96B.
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