Mexican Stock Exchange Q3 Profit Rises, But EPS Misses Forecast
1 report, 1 independent
Updated Oct 21
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What happened
The Mexican Stock Exchange reported a 1% increase in third-quarter profit, reaching 397 million pesos. Revenue rose 5% to 1.16 billion pesos, and EBITDA increased 2% to 635 million pesos. However, earnings per share was 0.72 pesos, missing the 0.74 peso forecast, as costs grew 12% to 606 million pesos.
From riotimesonline.com
Why it matters
The results offer a health check on the venue where foreign funds buy Mexican shares and peso bonds. Furthermore, the 22% jump in daily futures volume indicates rising hedging demand as the peso strengthens.
From riotimesonline.com
Who's involved
- Mexican Stock ExchangeThe stock exchange whose third-quarter financial results were published
- Arca ContinentalA Mexican beverage manufacturer formally listed on the Mexican Stock Exchange
- Genomma Lab InternacionalA Mexican company whose shares are formally listed on the Mexican Stock Exchange
- companyA company whose shares are listed on the Mexican Stock Exchange
- BanorteA Mexican financial group listed on the main index of the Mexican Stock Exchange
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The entities involved
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Mexican Stock Exchange
Stock exchange located in Mexico City, Mexico