Arcos Dorados Q1 Profit Declines
(RTTNews) - Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the first quarter declined to $28.51 million or $0.14 per share from $37.41 million or $0.18 per share in the prior-year quarter.
Total revenues for the quarter grew 9.1 percent to $1.08 billion from $990.79 million in the same quarter last year. However, it surged 46.8 percent in constant currency. Systemwide comparable sales grew 38.6 percent in the first quarter.
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Arcos Dorados Q2 Net Profit Declines
Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the second quarter declined to $26.63 million or $0.13 per share from $28.37 million or $0.13 per share in the prior-year quarter.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Canadian Dollar Rises As Crude Oil Prices Traded Higher
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday, as the crude oil prices moved higher on expectations the Chinese government will announce additional stimulus revive growth in the world's second largest economy.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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Japan Leading Index Data Due On Wednesday
Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends Shortened Session On Firm Note
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
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Swiss Franc Weakens Against Most Majors
The Swiss franc declined against its most major counterparts in the New York session on Tuesday.
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