Fomento Economico Mexicano Shares Rise After Q1 Net Income, Revenue Grow
MT Newswires Live
Apr 30
Fomento Economico Mexicano (FMX), or FEMSA, shares were up more than 1% in Thursday trading after the company reported higher Q1 net income and revenue.
The company reported Q1 net income Thursday of 17.64 billion Mexican pesos ($1 billion), up from 8.94 billion pesos a year earlier.
Analysts polled by FactSet expected 4.36 billion pesos.
Revenue for the quarter ended March 31 was 207.78 billion pesos, up from 195.82 billion pesos a year earlier.
Analysts surveyed by FactSet expected 204.95 billion pesos.
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