Becle shares drop as first quarter profit misses targets
Becle reported a 67 percent net profit decline for the first quarter. Shares fell as the firm manages a US distribution overhaul and a strong Mexican peso.
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BECLE SAB DE CV shares fell 5% in Mexico on April 30 after reporting a 67% slump in first-quarter net profit. The results missed LSEG analyst forecasts by more than 50% as the tequila maker restructures its United States distribution network. Investors face a 33% year-to-date decline in value and the stock's recent removal from the S&P/BMV IPC index.
