Investing.com - Fomento Economico Mexicano reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$15.79 on revenue of Mex$137.06B. Analysts polled by Investing.com anticipated EPS of Mex$14.29 on revenue of Mex$130.96B.
Fomento Economico Mexicano shares are up 57% from the beginning of the year, still down 0.38% from its 52 week high of Mex$87.30 set on July 28. They are outperforming the S&P 500 which is up 17.17% 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 missed by Mondelez on Tuesday, who reported EPS of Mex$0.62 on revenue of Mex$6.64B, compared to forecasts EPS of Mex$0.648 on revenue of Mex$6.4B.
Bunge had beat expectations on Wednesday with second quarter EPS of Mex$2.61 on revenue of Mex$15.39B, compared to forecast for EPS of Mex$1.59 on revenue of Mex$11.57B.
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