Feb. 28 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.
The Bovespa index gained 1.1 percent to 65,958.78.
Iochpe-Maxion SA (MYPK3 BS) fell 2.4 percent to 32 reais. The vehicle-parts maker reported adjusted net income of 223 million reais ($131 million) for 2011, falling short of the median estimate of 257 million reais in a Bloomberg survey.
Marcopolo SA (POMO4 BS) was unchanged at 8.60 reais after earlier gaining as much as 2.9 percent. The bus manufacturer reported annual adjusted net income of 343 million reais, beating the median estimate of 314 million reais among six analysts surveyed by Bloomberg.
Marfrig Alimentos SA (MRFG3 BS) jumped 2.1 percent to 10.10 reais, extending its two-day advance to 9.4 percent, the biggest since Nov. 28. Latin America’s second-largest beef producer said yesterday it will combine its poultry, pork and food-processing businesses into a single unit to reduce costs. The decision may give Marfrig “a much needed boost in operating efficiency,” Banco BTG Pactual SA analysts including Thiago Duarte wrote in a note to clients today.
Qualicorp SA (QUAL3 BS) fell 1.3 percent to 15.80 reais. The health-insurance broker controlled by private equity firm Carlyle Group reported fourth-quarter net income of 8.8 million reais, less than the average estimate of 35.9 million reais among five analysts surveyed by Bloomberg.
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