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Rossi Residencial Falls After Reporting Drop in Contracted Sales

Rossi Residencial SA (RSID3) tumbled after reporting that its contracted sales fell 24 percent to 682 million reais ($334 million) in the second quarter from a year earlier. The shares were down 5.8 percent to 4.04 reais at 11:20 a.m. in Sao Paulo.

To contact the reporter on this story: Dennis Fitzgerald in New York at dfitzgerald5@bloomberg.net

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

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