Investing.com - Industrias Bachoco ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Industrias Bachoco ADR announced earnings per share of Mex$1.08 on revenue of Mex$21.25B. Analysts polled by Investing.com anticipated EPS of Mex$0.5848 on revenue of Mex$991.67M.
Industrias Bachoco ADR shares are down 3.03% from the beginning of the year, still down 13.70% from its 52 week high of Mex$47.80 set on June 9, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Industrias Bachoco ADR shares lost 0.22% in after-hours trade following the report.
Industrias Bachoco ADR follows other major Consumer Staples sector earnings this month
Industrias Bachoco ADR's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of Mex$1.66 on revenue of Mex$20.95B, compared to forecasts EPS of Mex$1.65 on revenue of Mex$20.33B.
Estee Lauder had beat expectations on Thursday with second quarter EPS of Mex$3.01 on revenue of Mex$5.54B, compared to forecast for EPS of Mex$2.63 on revenue of Mex$5.49B.
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