Investing.com - BRF ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
BRF ADR announced earnings per share of -0.06 on revenue of 2.16B. Analysts polled by Investing.com anticipated EPS of 0.0348 on revenue of 2.17B.
BRF ADR shares are down 53% from the beginning of the year, still down 30.26% from its 52 week high of 6.08 set on June 15. They are under-performing the EUR/USD which is down 0% from the start of the year.
BRF ADR follows other major Consumer Staples sector earnings this month
BRF ADR'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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