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Brazilian Stock Movers: Americanas, CPFL, Marfrig Alimentos

Nov. 11 (Bloomberg) -- The following companies had 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 rose 2.1 percent to 58,546.97.

CPFL Energia SA (CPFE3 BS) increased 3.4 percent to 22.82 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 ($211.5 million).

Lojas Americanas SA (LAME4 BS) gained 3.7 percent to 15.25 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 10 analysts surveyed by Bloomberg was for adjusted net profit of 35.9 million reais.

Marfrig Alimentos SA (MRFG3 BS) jumped 17 percent to 7.35 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

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

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