Arcos Dorados Holdings Inc. (ARCO) revealed a profit for second quarter that Drops, from the same period last year but beat the Street estimates.
The company's bottom line came in at $22.59 million, or $0.11 per share. This compares with $26.63 million, or $0.13 per share, last year.
Analysts on average had expected the company to earn $0.07 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.9% to $1.142 billion from $1.110 billion last year.
Arcos Dorados Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $22.59 Mln. vs. $26.63 Mln. last year.-EPS: $0.11 vs. $0.13 last year.-Revenue: $1.142 Bln vs. $1.110 Bln last year.
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