Earlier Reported, Fomento Economico Q3 EPS $1.50 Beats $1.40 Estimate, Sales $11.02B Miss $11.67B Estimate
Portfolio Pulse from Happy Mohamed
Fomento Economico (NYSE:FMX) reported Q3 earnings of $1.50 per share, beating the analyst consensus estimate of $1.40 by 7.14%. This is a 45.63% increase from the same period last year. However, the company's quarterly sales of $11.02 billion missed the analyst consensus estimate of $11.67 billion by 5.54%, but still represents a 29.89% increase from last year.
October 27, 2023 | 7:42 pm
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Fomento Economico's Q3 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertainty in the market.
Fomento Economico's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimate could be a concern, potentially indicating slower growth than expected. This mixed result could lead to uncertainty in the market, impacting the stock's short-term performance.
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RELEVANCE 100