America Movil, Embraer, Petrobras: Latin America Equity Preview

The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index fell 0.8 percent to 4,597.88.

Brazil

Embraer SA (EMBR3) (EMBR3 BS): The world’s fourth-largest airplane maker reported first-quarter net income of 174.3 million reais ($109.7 million), according to a regulatory filing. The shares rose 0.7 percent to 12.45 reais.

Gol Linhas Aereas Inteligentes SA (GOLL4) (GOLL4 BS): The Brazilian airline sees its first-quarter earnings cut by a one-time, 120 million-real charge related to the implementation of a new system of revenue accounting, according to a regulatory filing. The stock slipped less than 0.1 percent to 21.79 reais.

Petroleo Brasileiro SA (PETR4) (PETR4 BS): Chief Executive Officer Jose Sergio Gabrielli said it’s “too early” to decide on potential gasoline price increases even though the company will probably need to import more of the fuel in May, according to an interview yesterday in Houston. Petrobras, as the state- controlled oil company is known, advanced 0.5 percent to 25.73 reais.

Tim Participacoes SA (TCSL4) (TCSL4 BS): The Brazilian wireless unit of Italy’s largest phone company reported first-quarter net income of 213 million reais, according to a regulatory filing. The stock retreated 1.1 percent to 7.14 reais.

Chile

Cia. Sudamericana de Vapores SA (VAPORES CC): Latin America’s largest container-shipping company, had a first- quarter net loss of $186 million, compared with a loss of $38.4 million a year earlier, according to a statement posted on the website of Chile’s securities regulator. The shares retreated 1 percent to 363.47 pesos.

Empresa Nacional de Telecomunicaciones SA (ENTEL CC): Chile’s second-largest mobile telephone operator reported first- quarter profit of 52.4 billion pesos ($113.3 million), up from 36.9 billion pesos a year earlier. The shares dropped 2.6 percent to 9,060 pesos.

Colombia

Interconexion Electrica SA (ISA) : The Colombian energy company reported net income of 160.6 billion pesos ($90.6 million) in the first quarter. Profit rose from 78.5 billion pesos ($44.3 million) a year earlier, the Medellin-based company said in a statement on the website of the Colombian securities regulator. The stock slipped 0.3 percent to 12,500 pesos.

Mexico

America Movil SAB (AMXL MM): The wireless carrier controlled by billionaire Carlos Slim said first-quarter profit climbed 12 percent to 23.5 billion pesos ($2 billion), according to a statement to the Mexican stock exchange.

Separately, Mexico’s telecommunications regulator ruled the company must cut by than half the rate it charges companies controlled by Grupo Televisa SAB to connect their calls to its network. The shares dropped 1.3 percent to 32.57 pesos.

Corp. GEO SAB (GEOB MM): Mexico’s second-largest homebuilder reported first-quarter net income of 339.4 million pesos and sales of 4.5 billion pesos, according to a statement sent to Mexico’s stock exchange. The stock fell 0.9 percent to 33.68 pesos.

Desarrolladora Homex SAB (HOMEX* MM): Mexico’s largest homebuilder reported first-quarter net income of 257 million pesos and sales of 4.1 billion pesos, according to a filing with Mexico’s stock exchange. The shares tumbled 3.3 percent to 52.42 pesos.

Impulsora del Desarrollo y el Empleo en America Latina SAB (IDEALB1 MM): The construction-financing company controlled by billionaire Carlos Slim said first-quarter net income was 361 million pesos, Mexico City-based Ideal said in an e-mailed statement. Sales climbed to 1.77 billion pesos. The stock jumped 3.5 percent to 21.76 pesos.

Industrias Penoles SAB (PE&OLES* MM): Mexico’s largest producer of silver said first-quarter net income was 3.44 billion pesos, according to an e-mailed statement. First-quarter revenue was 20.8 billion pesos. The shares plunged 3.2 percent to 433.87 pesos.

Mexichem SAB (MEXCHEM* MM): Latin America’s biggest maker of plastic pipes said first-quarter profit was 1.24 billion pesos, according to a company filing sent to the stock exchange. Sales were 12.2 billion pesos, the statement said. The shares rose 1.7 percent to 44.48 pesos.

Minera Frisco SAB (MFRISCOA MM): The mining company controlled by billionaire Carlos Slim said first-quarter net income fell to 51.3 million pesos, according to an e-mailed statement. Sales climbed to 1.89 billion pesos. The stock slipped 0.8 percent to 49.25 pesos.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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