Investing.com - Ambev SA reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambev SA announced earnings per share of $0.0316 on revenue of $3.09B. Analysts polled by Investing.com anticipated EPS of $0.0263 on revenue of $2.74B.
Ambev SA shares are up 0.65% from the beginning of the year and are trading at $3.08 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Ambev SA shares gained 10.39% in intra-day trade after the report.
Ambev SA follows other major Consumer/Non-Cyclical sector earnings this month
Ambev SA's report follows an earnings beat by Procter&Gamble on Tuesday, April 20, 2021, who reported EPS of $1.26 on revenue of $18.11B, compared to forecasts EPS of $1.19 on revenue of $17.96B.
Coca-Cola had beat expectations on Monday, April 19, 2021 with first quarter EPS of $0.55 on revenue of $9B, compared to forecast for EPS of $0.5039 on revenue of $8.68B.
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