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Arcos Dorados: 4Q Earnings Snapshot

Associated Press
Updated ·1-min read

MONTEVIDEO, Uruguay (AP) _ Arcos Dorados Holdings Inc. (ARCO) on Wednesday reported fourth-quarter net income of $33 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the company said it had profit of 16 cents.

The restaurant owner posted revenue of $754.4 million in the period.

For the year, the company reported profit of $79.9 million, or 39 cents per share. Revenue was reported as $2.96 billion.

The company's shares closed at $4.05. A year ago, they were trading at $8.39.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCO at https://www.zacks.com/ap/ARCO