UPDATE 1-Shares in Brazilian brewer Ambev soar as profits jump in Q3 [Reuters]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
Last ambev s.a. american depositary shares (each representing 1 common share) earnings: 2/28 04:00 pm
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ri.ambev.com.br/mobile/default_mobile.asp?idioma=1&conta=44
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Source: Reuters
SAO PAULO, Oct 28 (Reuters) - Shares in Brazilian brewer Ambev SA soared on Thursday after it reported a quarterly net profit of 3.71 billion reais ($660.89 million), up 57.4% from a year earlier, as the reopening of bars and restaurants drove sales higher. Chief Executive Jean Jereissati said during a conference call that he was confident Ambev's earnings before interest, taxes, depreciation, and amortization (EBITDA) will be back at 2019 levels this year, or maybe even higher, despite expectations that a weakening real and higher commodities prices should keep pressure on results in the fourth quarter. Ambev's shares were up 7.5% to 16.35 reais in afternoon trading, making it the top gainer in the Bovespa index, as investors and analysts welcomed the company's quarterly figures. Ambev, part of Belgium's Anheuser-Busch InBev SA, said it has recorded its highest volumes ever for a third quarter, with a 7.7% organic rise year-on-year to 45.7 million hectoliters. The company al
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ABEV
News
- AMBEV'S 2023 ANNUAL REPORT ON FORM 20-F AVAILABLE ON OUR WEBSITEPR Newswire
- Ambev S.A. (NYSE: ABEV) was downgraded by analysts at Barclays PLC to an "equal weight" rating. They now have a $3.00 price target on the stock, down previously from $3.50.MarketBeat
- Ambev S.A. (NYSE:ABEV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ambev S.A. (NYSE: ABEV) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
ABEV
Earnings
- 3/1/24 - Beat
ABEV
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/9/24 - Form 6-K
- ABEV's page on the SEC website