Ambev Stock- Ambev SA Earnings, Revenue Beat in Q1 By Fintech Zoom
Fintech Zoom – Ambev SA reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.0316 on revenue of $3.09B. Analysts polled by Fintech Zoom anticipated EPS of $0.0263 on revenue of $2.74B.
Ambev SA shares are up 0.65% from the beginning of the year, still down 3.75% from its 52 week high of $3.20 set on December 17, 2020. They are outperforming the which is down 0% from the start of the year.
Ambev SA shares gained 10.39% in intra-day trade following the report.
Ambev SA follows other major Consumer/Non-Cyclical sector earnings this month
Ambev SA’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.26 on revenue of $18.11B, compared to forecasts EPS of $1.19 on revenue of $17.96B.
Coca-Cola had beat expectations on April 19 with first quarter EPS of $0.55 on revenue of $9B, compared to forecast for EPS of $0.5039 on revenue of $8.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Fintech Zoom’s earnings calendar
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