Investing.com - Industrias Bachoco ADR reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Industrias Bachoco ADR announced earnings per share of Mex$-0.06 on revenue of Mex$16.43B. Analysts polled by Investing.com anticipated EPS of Mex$1.2 on revenue of Mex$775.93M.
Industrias Bachoco ADR shares are down 28.44% from the beginning of the year , still down 34.72% from its 52 week high of Mex$57.00 set on September 6, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Industrias Bachoco ADR shares gained 0.05% in after-hours trade following the report.
Industrias Bachoco ADR follows other major Consumer/Non-Cyclical sector earnings this month
Industrias Bachoco ADR's report follows an earnings beat by Coca-Cola on July 21, 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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