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Arcos Dorados Holdings profit beats consensus by 36.7% in Q3

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Arcos Dorados Holdings profit beats consensus by 36.7% in Q3

4911029 said its third-quarter normalized net income was 5 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

The per-share result swung to a profit from the prior-year loss of 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.1 million, compared with a loss of $13.7 million in the year-earlier period.

The normalized profit margin rose to 1.3% from negative 1.8% in the year-earlier period.

Total revenue grew year over year to $775.7 million from $753.7 million, and total operating expenses came to $737.1 million, compared with $732.9 million in the year-earlier period.

eported net income totaled a loss of $2.1 million, or a loss of 1 cents per share, compared to a loss of $35.8 million, or a loss of 17 cents per share, in the year-earlier period.Arcos Dorados Holdings Inc.

4911029 said its third-quarter normalized net income was 5 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.