Fomento Economico Q1 EPS $1.40 Beats $1.00 Estimate, Sales $10.50B Miss $10.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fomento Economico (FMX) reported Q1 earnings of $1.40 per share, surpassing the $1.00 estimate, a 40% increase from last year. However, their sales of $10.50B fell short of the $10.71B estimate, despite being an 8.88% increase from the previous year.
April 26, 2024 | 1:35 pm
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Fomento Economico exceeded Q1 EPS estimates but missed on sales forecasts, showing strong profit but slightly weaker revenue growth.
The positive earnings surprise could lead to a short-term positive sentiment, offset by the slight miss in sales expectations. The net effect might be neutral as investors weigh the strong profit against the minor revenue shortfall.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100