Investing.com - Ambev SA reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.24 on revenue of $22.01B. Analysts polled by Investing.com anticipated EPS of $0.0468 on revenue of $3.88B.
Ambev SA shares are up 5.71% from the beginning of the year, still down 25.06% 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 Walmart on February 17, who reported EPS of $1.53 on revenue of $152.87B, compared to forecasts EPS of $1.5 on revenue of $151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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