Investing.com - Arcos Dorados reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arcos Dorados announced earnings per share of $0.220 on revenue of $921.7M. Analysts polled by Investing.com anticipated EPS of $0.110 on revenue of $890.1M.
Arcos Dorados shares are up 25.21% from the beginning of the year and are trading at $7.300 , down-from-52-week-high.
Arcos Dorados follows other major Consumer Discretionary sector earnings this month
Arcos Dorados's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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