10:33 AM EDT, 07/24/2024 (MT Newswires) -- Fomento Economico Mexicano (FMX), or FEMSA, reported Q2 net income Wednesday of 15.67 billion Mexican pesos ($852 million), up from 8.93 billion pesos a year earlier.

Three analysts polled by Capital IQ expected 9.14 billion pesos.

Revenue for the quarter ended June 30 was 198.75 billion pesos, compared with 177.17 billion pesos a year earlier.

Five analysts surveyed by Capital IQ expected 195.68 billion pesos.

Shares of the company were down 2.1% in recent Wednesday trading.

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