Investing.com - Fomento Economico Mexicano reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$0.13 on revenue of Mex$114.5B. Analysts polled by Investing.com anticipated EPS of Mex$0.32 on revenue of Mex$5,428M.
Fomento Economico Mexicano shares are down 35.94% from the beginning of the year , still down 38.26% from its 52 week high of Mex$98.05 set on January 8. They are under-performing 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 Coca-Cola on Tuesday, who reported EPS of Mex$0.42 on revenue of Mex$7.2B, compared to forecasts EPS of Mex$0.4 on revenue of Mex$7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of Mex$1.32 on revenue of Mex$15.95B, compared to forecast for EPS of Mex$1.25 on revenue of Mex$15.37B.
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