Fomento Economico Mexicano (FMX), or FEMSA, reported Q2 consolidated net income Tuesday of 9.22 billion Mexican pesos ($527.9 million), up from 5.59 billion pesos a year earlier.
Analysts polled by FactSet expected 6.85 billion pesos.
Revenue for the quarter ended June 30 was 231 billion Mexican pesos, up from 211.36 billion pesos a year earlier.
Analysts expected 226.44 billion pesos.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.