- 3 billion pesos in revenue tops 2.3 billion peso estimate
- Promotora y Operadora de Infraestructura operates toll roads
The Mexican toll-road operator known as Pinfra rallied to a record after the company reported sales that topped analysts’ estimates.
Shares of Promotora y Operadora de Infraestructura SAB rose 1.4 percent to 206.45 pesos as of 10:17 a.m. in Mexico City. A close at this level would be the highest in Bloomberg data that goes back 22 years.
Pinfra reported sales of 3 billion pesos ($181 million) for the third quarter, beating an average estimate of 2.3 billion pesos among seven analysts surveyed by Bloomberg. Marco Medina, a Mexico City-based analyst at Ve Por Mas, cited higher construction revenue as a driver for the company last quarter.
“Pinfra is one of our favorite companies,” Medina said in a report.