Investing.com - Ambev SA reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.08 on revenue of $11.62B. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $1.87B.
Ambev SA shares are down 34.15% from the beginning of the year , still down 46.79% from its 52 week high of $5.45 set on July 30, 2019. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ambev SA follows other major Consumer/Non-Cyclical sector earnings this month
Ambev SA's report follows an earnings beat by Coca-Cola on July 21, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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