Fomento Economico: Q4 Earnings Snapshot
MONTERREY N.L., Mexico (AP) — MONTERREY N.L., Mexico (AP) — Fomento Economico Mexicano SAB (FMX) on Friday reported fourth-quarter earnings of $244.8 million.
The Monterrey N.l., Mexico-based company said it had net income of 69 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The Coca-Cola bottler posted revenue of $9.48 billion in the period.
For the year, the company reported profit of $1.23 billion, or $3.55 per share. Revenue was reported as $33.49 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMX at https://www.zacks.com/ap/FMX