Ambev S.A. (ABEV) Q4 Revenues Top Estimates Despite Volume Contraction

Ambev S.A. (NYSE:ABEV) is one of Goldman Sachs’ top penny stock picks. On February 12, Ambev S.A. (NYSE:ABEV) delivered mixed fourth-quarter and full-year results, with revenue surpassing consensus estimates by R$210 million, coming in at R$24.81 billion. Ambev S.A. (ABEV) Q4 Revenues Top Estimates Despite Volume Contraction Photo by Danilo Alvesd on Unsplash However, it was an 8.2% year-over-year decline, attributed to a 3.6% decline in consolidated volumes due to cyclical factors affecting consumption ...