UPDATE 1-Brazil's BRF results hit by feed costs, trade bans; shares drop [Reuters]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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Source: Reuters
UPDATE 1-Brazil's BRF results hit by feed costs, trade bans; shares drop | Reuters Reuters Staff 3 Min Read (Recasts throughout) By Ana Mano SAO PAULO, May 11 (Reuters) - Rising grain prices and trade bans in key markets have stymied management efforts to put BRF SA in the black, Chief Executive Officer Lorival Nogueira Luz said on Friday, as the food company failed to turn a profit for the second quarter in a row. BRF shares fell 2.2 percent to 23.49 reais in midday trading after results missed analyst consensus on Thursday. Managers said animal feed prices rose further in the second quarter, boosting production costs for the world’s largest chicken exporter. “Since the third quarter of last year, the price of feed rose about 20 percent,” Luz told analysts and investors in a conference call to discuss results, referring to corn and soymeal. “This should continue to impact our production costs in the second quarter,” he said . BRF also faces trade bans in Russia and Europe on Brazilia
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BRFS
News
- BRF filed its Annual Report on Form 20-FPR Newswire
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
BRFS
Sec Filings
- 4/19/24 - Form 20-F
- 4/19/24 - Form 6-K
- 4/19/24 - Form 6-K
- BRFS's page on the SEC website