Investing.com - Fomento Economico Mexicano reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fomento Economico Mexicano announced earnings per share of Mex$13.77 on revenue of Mex$147.64B. Analysts polled by Investing.com anticipated EPS of Mex$14.27 on revenue of Mex$139.93B.
Fomento Economico Mexicano shares are down 5.15% from the beginning of the year and are trading at Mex$73.71 , 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 follows other major Consumer Staples sector earnings this month
Fomento Economico Mexicano's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of Mex$1.33 on revenue of Mex$19.38B, compared to forecasts EPS of Mex$1.29 on revenue of Mex$18.71B.
Coca-Cola had beat expectations on April 25 with first quarter EPS of Mex$0.64 on revenue of Mex$10.49B, compared to forecast for EPS of Mex$0.5794 on revenue of Mex$9.83B.
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