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Campari Group Q3 revenue beats estimates, but shares fall on US outlook

Nasdaq +1 · ·by G4L

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LAUR Laureate Education Inc
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  1. 1Campari Group's Q3 revenue reached 777 million euros, exceeding the analyst estimate of 761.8 million euros.
  2. 2The company achieved 3.4% organic net sales growth for the quarter, marking six consecutive quarters of organic growth.
  3. 3Campari Group projected a slight decrease in annual sales in the US.

So what's the key point?

Campari Group reported higher revenue than experts expected. However, the stock price fell because the company expects sales in the US to decrease slightly.

Source Nasdaq +1 · View original ↗

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