Investing.com - Ambev SA reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.44 on revenue of $18.56B. Analysts polled by Investing.com anticipated EPS of $0.0457 on revenue of $3.42B.
Ambev SA shares are down 10.78% from the beginning of the year, still down 25.61% from its 52 week high of $3.67 set on February 26, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ambev SA follows other major Consumer/Non-Cyclical sector earnings this month
Ambev SA's report follows an earnings beat by Coca-Cola on February 10, who reported EPS of $0.47 on revenue of $8.6B, compared to forecasts EPS of $0.4184 on revenue of $8.6B.
PepsiCo had beat expectations on February 11 with fourth quarter EPS of $1.47 on revenue of $22.46B, compared to forecast for EPS of $1.46 on revenue of $21.8B.
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