Ripley fell 3.3 percent to 455.35 pesos at the close in Santiago, the steepest decline among members of Chile’s benchmark Ipsa index. The index rose 2.5 percent, the most in a month.
Third-quarter net income fell 38 percent to 6.2 billion pesos ($11.8 million) from 10 billion pesos last year, the company reported after the close of trading on Nov. 25. That trailed the 8.5 billion-peso average estimate of four analysts surveyed by Bloomberg.
“Even as the company’s revenue grew, its expenses and administrative costs grew even more, causing a contraction of 230 basis points in margin of earnings before interest, tax, depreciation or amortization,” analysts at the brokerage unit of Banco de Credito & Inversiones wrote in a note to clients.
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