Arcos Dorados Holdings (NYSE: ARCO) reported Q3 EPS of $0.09, $0.16 worse than the analyst estimate of $0.25. The decrease was a result of lower net income, partially offset by lower weighted-average number of outstanding shares (please refer to Axis Split-off and IPO explanations in previous releases).

Revenue for the quarter came in at $984 million versus the consensus estimate of $1 billion.

Earnings