Fomento Economico Mexicano (FMX) reported Q3 net income Tuesday of 5.84 billion Mexican pesos ($316.3 million), down from 9.24 billion Mexican pesos a year earlier.

Analysts polled by FactSet expected 7.78 billion Mexican pesos.

Revenue for the quarter ended Sept. 30 was 214.64 billion Mexican pesos, compared with 196.77 billion Mexican pesos a year earlier.

Analysts surveyed by FactSet expected 212.74 billion Mexican pesos.