Investing.com - Arco Platform reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arco Platform announced earnings per share of R$-1.11 on revenue of R$253.92M. Analysts polled by Investing.com anticipated EPS of R$-1.40 on revenue of R$260.25M.
Arco Platform shares are down 45% from the beginning of the year and are trading at R$11.37 , down-from-52-week-high.
Arco Platform follows other major Consumer Discretionary sector earnings this month
Arco Platform 's report follows an earnings beat by Home Depot on Tuesday, November 15, 2022, who reported EPS of R$4.24 on revenue of R$38.9B, compared to forecasts EPS of R$4.12 on revenue of R$37.92B.
Alibaba ADR had beat expectations on Thursday, November 17, 2022 with third quarter EPS of R$12.92 on revenue of R$207.18B, compared to forecast for EPS of R$11.74 on revenue of R$208.52B.
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