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Fomento Economico Mexicano Shares Rise After Q1 Net Income, Revenue Grow

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Fomento Economico Mexicano (FMX), or FEMSA, shares were up more than 1% in Thursday trading after the company reported higher Q1 net income and revenue.

The company reported Q1 net income Thursday of 17.64 billion Mexican pesos ($1 billion), up from 8.94 billion pesos a year earlier.

Analysts polled by FactSet expected 4.36 billion pesos.

Revenue for the quarter ended March 31 was 207.78 billion pesos, up from 195.82 billion pesos a year earlier.

Analysts surveyed by FactSet expected 204.95 billion pesos.

Price: $112.64, Change: $+0.63, Percent Change: +0.56%

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