Arcos Dorados (ARCO) Reports in Line Q2 Earnings, Stock Down
Arcos Dorados (ARCO) ZACKS·2024-08-16 21:50
Arcos Dorados Holdings Inc. (ARCO) reported second-quarter 2024 results, wherein earnings came in line with the Zacks Consensus Estimate while revenues surpassed the same. The top line beat the estimate for the fourth straight quarter. The company’s shares declined 4.7% on Aug 15 following the results.Delving DeeperARCO reported adjusted earnings per share (EPS) of 13 cents in the second quarter. The metric remained flat year over year.It reported quarterly revenues of $1,110.9 million, beating the consensu ...