Fomento Economico Q2 2024 GAAP EPS $1.93 Beats $1.17 Estimate, Sales $11.539B Beat $11.115B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fomento Economico (NYSE:FMX) reported Q2 2024 earnings of $1.93 per share, significantly beating the analyst estimate of $1.17. The company also reported sales of $11.539 billion, surpassing the $11.115 billion estimate. This represents a 2.93% increase from the same period last year.
July 24, 2024 | 1:52 pm
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Fomento Economico reported Q2 2024 earnings of $1.93 per share, beating the analyst estimate of $1.17 by 64.96%. Sales of $11.539 billion also exceeded the $11.115 billion estimate, marking a 2.93% increase from the same period last year.
The significant beat on both earnings per share and sales figures is likely to positively impact FMX's stock price in the short term. The earnings per share beat by 64.96% and sales beat by 3.82% indicate strong financial performance, which is generally well-received by investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100