Ambev Q3 2024 GAAP EPS $0.04, Inline, Sales $3.983B Miss $4.082B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ambev reported Q3 2024 earnings per share of $0.04, meeting analyst expectations. However, sales were $3.983 billion, missing the $4.082 billion estimate and showing a 4.3% decrease from the previous year.
October 31, 2024 | 10:20 am
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NEGATIVE IMPACT
Ambev's Q3 2024 earnings per share met expectations, but sales fell short of estimates and decreased compared to last year.
Ambev's earnings per share met expectations, which is neutral for the stock. However, the sales miss and year-over-year decline could lead to short-term negative sentiment among investors, potentially putting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100