Brazilian Stock Movers: Americanas, CPFL, Eletrobras, Gol

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 12:15 p.m. local time. Preferred shares are usually the most-traded class of stock.

The Bovespa index rose 1.2 percent to 58,027.79.

Centrais Eletricas Brasileiras SA (ELET6) (ELET6 BS) climbed 2.4 percent to 24.77 reais. Latin America’s largest publicly traded power company, known as Eletrobras, reported third-quarter net income of 1.56 billion reais ($891 million), up from 163 million reais a year earlier, according to a filing.

CPFL Energia SA (CPFE3) (CPFE3 BS) increased 1.7 percent to 22.45 reais. Brazil’s largest private-sector power distributor said third-quarter net income rose 7.1 percent from a year earlier to 368.7 million reais.

Gol Linhas Aereas Inteligentes SA (GOLL4) (GOLL4 BS) dropped 2.4 percent to 13.30 reais. Brazil’s second-biggest airline by market value reported a net loss of 516.5 million reais in the third quarter. The result missed the average estimate of four analysts surveyed by Bloomberg for a net loss of 238 million reais.

Lojas Americanas SA (LAME4) (LAME4 BS) gained 1.8 percent to 14.97 reais. Brazil’s second-biggest retailer by market value reported net income attributable to the holding company before extraordinary items of 49.2 million reais. The average estimate of ten analysts surveyed by Bloomberg was for adjusted net profit of 35.9 million reais.

Marfrig Alimentos SA (MRFG3) (MRFG3 BS) jumped 12 percent to 7.04 reais. Latin America’s second-largest beef producer said earnings before interest, taxes, depreciation and amortization more than doubled from a year earlier to 637.5 million reais, according to a regulatory filing today. That compares to the average forecast of 311.4 million reais in a Bloomberg survey of nine analysts.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

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

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