Arcos Dorados Holdings Q2 EPS $0.13 Misses $0.14 Estimate, Sales $1.04B Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcos Dorados Holdings (ARCO) reported Q2 earnings of $0.13 per share, missing the analyst consensus estimate of $0.14 by 7.14%. The company also reported quarterly sales of $1.04 billion, missing the analyst consensus estimate of $1.05 billion by 0.95%. However, both earnings and sales have increased compared to the same period last year.
August 17, 2023 | 11:32 am
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NEGATIVE IMPACT
ARCO's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
ARCO's Q2 earnings and sales missed analyst estimates, which is typically a negative signal for the stock price. However, the YoY growth in both earnings and sales indicates an overall positive trend for the company, which might mitigate the negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100