Ibovespa Edges Up Amid Mixed Earnings
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The Ibovespa rose above 148,000 on Thursday, driven by mixed earnings reports. Ambev's shares surged nearly 4% after a 36.4% increase in Q3 net profit to R$4.86 billion. Multiplan gained 0.8% ahead of expected strong revenue results. In contrast, Bradesco's shares fell over 3% despite an 18.8% rise in recurring net profit, as results fell short of expectations. Gerdau's shares slipped 1.1% ahead of its earnings report.
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