Investing.com - Fomento Economico Mexicano reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$0.19 on revenue of Mex$127.5B. Analysts polled by Investing.com anticipated EPS of Mex$8.67 on revenue of Mex$124.67B.
Fomento Economico Mexicano shares are up 5.46% from the beginning of the year, still down 2.18% from its 52 week high of Mex$81.69 set on April 26. They are outperforming the EUR/USD which is down 0% from the start of the year.
Fomento Economico Mexicano follows other major Consumer/Non-Cyclical sector earnings this month
Fomento Economico Mexicano's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of Mex$1.26 on revenue of Mex$18.11B, compared to forecasts EPS of Mex$1.19 on revenue of Mex$17.96B.
Coca-Cola had beat expectations on April 19 with first quarter EPS of Mex$0.55 on revenue of Mex$9B, compared to forecast for EPS of Mex$0.5039 on revenue of Mex$8.68B.
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