Arcos Dorados Holdings Q2 EPS $0.13, Inline, Sales $1.11B Beat $1.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcos Dorados Holdings (NYSE:ARCO) reported Q2 earnings per share of $0.13, meeting analyst expectations. The company achieved quarterly sales of $1.11 billion, surpassing the $1.06 billion estimate and marking a 6.72% increase from the previous year.
August 14, 2024 | 11:34 am
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Arcos Dorados Holdings reported Q2 EPS of $0.13, meeting expectations, and sales of $1.11 billion, beating estimates by 4.81%. Sales increased by 6.72% YoY.
The company's earnings per share met expectations, which is neutral news. However, the sales beat by 4.81% and the year-over-year increase of 6.72% are positive indicators, likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100