How did FMX's Q1 2023 EPS surprise analysts?

Mexican Economic Development (FMX) reported a diluted EPS of -$0.35 for Q1 2023, which was a surprise to analysts as the company had not provided EPS guidance for the quarter. The negative EPS indicates that the company's performance for the period was below market expectations, potentially due to factors such as market conditions, company-specific issues, or industry trends.

FMX EPS Surprise