Investing.com - Fomento Economico Mexicano reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$14.67 on revenue of Mex$167.5B. Analysts polled by Investing.com anticipated EPS of Mex$18.11 on revenue of Mex$153.88B.
Fomento Economico Mexicano shares are down 19.5% from the beginning of the year and are trading at Mex$62.57 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Fomento Economico Mexicano shares gained 0.02% in after-hours trade after the report.
Fomento Economico Mexicano follows other major Consumer Staples sector earnings this month
Fomento Economico Mexicano's report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of Mex$0.7 on revenue of Mex$11.33B, compared to forecasts EPS of Mex$0.6693 on revenue of Mex$10.54B.
PepsiCo had beat expectations on Tuesday, July 12, 2022 with second quarter EPS of Mex$1.86 on revenue of Mex$20.23B, compared to forecast for EPS of Mex$1.74 on revenue of Mex$19.51B.
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