Investing.com - Ambev SA reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.15 on revenue of $15.6B. Analysts polled by Investing.com anticipated EPS of $0.02 on revenue of $2.44B.
Ambev SA shares are down 50% from the beginning of the year and are trading at $2.33 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Ambev SA follows other major Consumer/Non-Cyclical sector earnings this month
Ambev SA's report follows an earnings beat by Procter&Gamble on Tuesday, October 20, 2020, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.
Coca-Cola had beat expectations on Thursday, October 22, 2020 with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.
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