Arcos Dorados Holdings Q3 EPS $0.28 Beats $0.21 Estimate, Sales $1.13B Beat $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcos Dorados Holdings (NYSE:ARCO) reported Q3 earnings of $0.28 per share, surpassing the consensus estimate of $0.21 by 33.33% and marking a 27.27% increase from the previous year. Sales reached $1.13B, exceeding estimates of $1.11B by 1.35% and showing a 22.06% increase from the same period last year.
November 16, 2023 | 12:32 pm
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POSITIVE IMPACT
Arcos Dorados Holdings reported strong Q3 earnings and sales, beating analyst estimates and showing significant year-over-year growth.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term increase in ARCO's stock price. Historically, stocks tend to react favorably to earnings that exceed analyst expectations, especially with a substantial year-over-year growth as reported by Arcos Dorados.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100