Investing.com - Portillo's reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Portillo's announced earnings per share of $0.04 on revenue of $151.1M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $149.56M.
Portillo's shares are down 26.01% from the beginning of the year and are trading at $22.59 , down-from-52-week-high.
Portillo's shares gained 7.06% in intra-day trade following the report.
Portillo's follows other major Consumer Discretionary sector earnings this month
Portillo's's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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