Investing.com - Ambev SA reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.22 on revenue of $18.44B. Analysts polled by Investing.com anticipated EPS of $0.0361 on revenue of $3.77B.
Ambev SA shares are up 3.21% from the beginning of the year, still down 26.84% from its 52 week high of $3.95 set on June 8, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ambev SA follows other major Consumer Staples sector earnings this month
Ambev SA's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola had beat expectations on April 25 with first quarter EPS of $0.64 on revenue of $10.49B, compared to forecast for EPS of $0.5794 on revenue of $9.83B.
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