Arcos Dorados Holdings Inc. (ARCO) revealed a profit for third quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $35.214 million, or $0.17 per share. This compares with $59.721 million, or $0.28 per share, in last year's third quarter.
Analysts on average had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.7% to $1.133 billion from $1.125 billion last year.
Arcos Dorados Holdings Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $35.214 Mln. vs. $59.721 Mln. last year.
-EPS (Q3): $0.17 vs. $0.28 last year.
-Revenue (Q3): $1.133 Bln vs. $1.125 Bln last year.
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