Investing.com - Ambev SA reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.23 on revenue of $18.49B. Analysts polled by Investing.com anticipated EPS of $0.0269 on revenue of $3.19B.
Ambev SA shares are up 42.2% from the beginning of the year, still down 32.15% from its 52 week high of $3.95 set on June 8. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ambev SA follows other major Consumer Staples sector earnings this month
Ambev SA's report follows an earnings matched by Nestle ADR on October 20, who reported EPS of $2.31 on revenue of $23.42B, compared to forecasts EPS of $2.31 on revenue of $22.82B.
L’Oreal ADR had matched expectations on October 21 with third quarter EPS of $0.934 on revenue of $9.31B, compared to forecast for EPS of $0.934 on revenue of $9.01B.
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