Fomento Economico Q4 Adj. EPS $1.46 Misses $1.61 Estimate, Sales $10.82B Miss $11.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fomento Economico (FMX) reported Q4 adjusted EPS of $1.46, missing the $1.61 estimate, and sales of $10.82B, below the $11.66B estimate. This represents a 15.61% decrease in EPS and a 13.99% increase in sales year-over-year.
February 23, 2024 | 1:51 pm
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Fomento Economico reported a Q4 adjusted EPS of $1.46, missing estimates by 9.32%, and sales of $10.82B, missing estimates by 7.19%. Year-over-year, EPS decreased by 15.61% while sales increased by 13.99%.
Missing both EPS and sales estimates significantly, especially with a decrease in EPS year-over-year, is likely to negatively impact investor sentiment and FMX's stock price in the short term.
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