Fomento Economico Mexicano's Q2 Net Income, Revenue Rises-August 2024-www.financetom.com

Fomento Economico Mexicano's Q2 Net Income, Revenue Rises

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Fomento Economico Mexicano's Q2 Net Income, Revenue Rises

Jul 24, 2024 8:06 AM

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.

Price: 114.56, Change: -2.46, Percent Change: -2.10

Previous page： ConocoPhillips, Marathon Oil Get Second FTC Request for More Information About Merger Next page： Why Is Bank Of New York Mellon Stock Gaining Today?

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

ConocoPhillips, Marathon Oil Get Second FTC Request for More Information About Merger

Jul 12, 2024

08:40 AM EDT, 07/12/2024 (MT Newswires) -- ConocoPhillips ( COP ) and Marathon Oil ( MRO ) said Friday that they each received a second request from the US Federal Trade Commission for more information regarding their proposed merger. The companies said the second request, which they received on Thursday, extend the waiting period imposed by anti-trust laws until 30...

Why Is Bank Of New York Mellon Stock Gaining Today?

Jul 12, 2024

The Bank Of New York Mellon Corporation ( BK ) shares are trading higher in the premarket session on Friday after it reported second-quarter fiscal 2024 results. The finance behemoth reported second-quarter adjusted earnings per share of $1.51, beating the street view of $1.43. Quarterly revenue of $4.597 billion, an increase of 2% year-over-year, surpassed the analyst consensus of $4.523...

Shineco Prices $2 Million Public Stock Offering; Shares Tumble in Premarket

Jul 12, 2024

08:38 AM EDT, 07/12/2024 (MT Newswires) -- Shineco ( SISI ) said Friday that it priced an underwritten public offering of 1,869,160 shares at $1.07 per share for gross proceeds of about $2 million. The medical products company granted underwriters a 45-day option to buy up to 280,374 additional shares at the offering price, less the underwriting discounts to cover...

Bitfarms Up in U.S. Pre-Market After Setting Date of Special Shareholders Meeting

Jul 12, 2024

08:39 AM EDT, 07/12/2024 (MT Newswires) -- Bitfarms ( BITF ) said on Friday that its board called a special shareholders' meeting for Oct. 29 following a request by Riot Platforms, which, Bitfarms ( BITF ) said, is attempting to disrupt a strategic review process and opportunistically acquire the bitcoin company. Bitfarms ( BITF ) said Riot is seeking to...