Investing.com - Arco Platform reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arco Platform announced earnings per share of R$-1.11 on revenue of R$253.92M. Analysts polled by Investing.com EPS of R$-1.40 on revenue of R$260.25M.
Arco Platform 's are down 45% and is trading at R$11.37 , still down 50.95% from its 52 week high of R$23.18 set on Monday, December 27, 2021.
Arco Platform follows other major Consumer Discretionary sector earnings this month
Arco Platform 's report follows an earnings beat by Home Depot on Tuesday, November 15, 2022, who reported EPS of R$4.24 on revenue of R$38.9B, EPS of R$4.12 on revenue of R$37.92B.
Alibaba ADR had beat expectations on Thursday, November 17, 2022 with third quarter EPS of R$12.92 on revenue of R$207.18B, for EPS of R$11.74 on revenue of R$208.52B.
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