Investing.com - Arcos Dorados reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arcos Dorados announced earnings per share of $0.220 on revenue of $921.7M. Analysts polled by Investing.com EPS of $0.110 on revenue of $890.1M.
Arcos Dorados 's are up 25.21% and is trading at $7.300 , still down 13.51% from its 52 week high of $8.44 set on Tuesday, March 29, 2022.
Arcos Dorados follows other major Consumer Discretionary sector earnings this month
Arcos Dorados's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, for EPS of $1 on revenue of $21.98B.
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