Investing.com - Fomento Economico Mexicano reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$18.8 on revenue of Mex$151.54B. Analysts polled by Investing.com anticipated EPS of Mex$22.97 on revenue of Mex$147.19B.
Fomento Economico Mexicano shares are up 3.46% from the beginning of the year, still down 10.26% from its 52 week high of Mex$89.59 set on September 15, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Fomento Economico Mexicano follows other major Consumer Staples sector earnings this month
Fomento Economico Mexicano's report follows an earnings beat by Walmart on February 17, who reported EPS of Mex$1.53 on revenue of Mex$152.87B, compared to forecasts EPS of Mex$1.5 on revenue of Mex$151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of Mex$0.45 on revenue of Mex$9.47B, compared to forecast for EPS of Mex$0.4118 on revenue of Mex$8.99B.
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