Investing.com - BRF ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
BRF ADR announced earnings per share of 0.019 on revenue of 2.4B. Analysts polled by Investing.com anticipated EPS of -0.0038 on revenue of 2.46B.
BRF ADR shares are down 14.55% from the beginning of the year, still down 53.78% from its 52 week high of 6.08 set on June 15, 2021. They are outperforming the Nasdaq which is down 17.13% from the start of the year.
BRF ADR follows other major Consumer Staples sector earnings this month
BRF ADR's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of 1.33 on revenue of 19.38B, compared to forecasts EPS of 1.29 on revenue of 18.71B.
Coca-Cola had beat expectations on April 25 with first quarter EPS of 0.64 on revenue of 10.49B, compared to forecast for EPS of 0.5794 on revenue of 9.83B.
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