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 November 15, 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 November 17 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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