Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Brazilian Stock Movers: Cyrela, Eletropaulo, Multiplan, Tam

Nov. 10 (Bloomberg) -- The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close. Preferred shares are usually the most-traded class of stock.

The Bovespa index lost 0.4 percent to 57,321.81.

Cyrela Brazil Realty SA Empreendimentos e Participacoes (CYRE3 BS) rose 1.9 percent to 14.42 reais. Brazil’s second-biggest homebuilder by revenue said third-quarter net income fell 17 percent from a year earlier to 146.8 million reais ($83 million), surpassing the 129.2 million-real average estimate for profit excluding some items in a Bloomberg survey of six analysts.

Eletropaulo Metropolitana SA (ELPL4 BS) gained 2 percent to 30.90 reais. The Brazilian unit of AES Corp. posted third-quarter profit of 348.2 million reais, a 6.1 percent increase from the same period a year earlier. The utility said it increased planned investment for the 2011-2012 period to 242 million reais from 120 million reais, according to its earnings statement. It also said its board approved the sale of 600 million reais of local bonds maturing in ten years.

Multiplan Empreendimentos Imobiliarios SA (MULT3 BS) rose 2.3 percent to 35.00 reais. The shopping-mall developer’s third-quarter profit excluding some items rose 15 percent to 84.6 million reais, exceeding the average estimate of 67.3 million reais among six analysts surveyed by Bloomberg. Multiplan’s net income without adjustments jumped 41 percent to 65.3 million reais.

Tam SA (TAMM4 BS) slipped 0.8 percent to 34.60 reais. Brazil’s biggest airline by market value posted a loss of 606.2 million reais in the third quarter, according to a regulatory filing.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.