Ambev Q2 2024 Adj. EPS $0.03, Inline, Sales $3.847B Beat $3.609B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ambev (NYSE:ABEV) reported Q2 2024 earnings per share of $0.03, meeting analyst expectations. The company also reported sales of $3.847 billion, surpassing the $3.609 billion estimate by 6.59%. This represents a 0.76% increase from the same period last year.
August 01, 2024 | 10:30 am
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Ambev reported Q2 2024 earnings per share of $0.03, meeting analyst expectations. The company also reported sales of $3.847 billion, surpassing the $3.609 billion estimate by 6.59%. This represents a 0.76% increase from the same period last year.
Ambev's earnings per share met expectations, which is neutral news. However, the significant beat on sales estimates and the year-over-year increase in sales are positive indicators for the company's performance, likely leading to a short-term positive impact on the stock price.
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