Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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

Bloomberg Customers

Rossi Falls to 16-Week Low After Profit Trails Analyst Estimates

Rossi Residencial SA, Brazil’s fourth-biggest homebuilder by revenue, fell to its lowest level in 16 weeks after posting earnings that trailed forecasts.

Shares sank 3.9 percent to 3.99 reais at 12:36 p.m. in Sao Paulo, and earlier declined to 3.96 reais, the lowest intraday level since July 25. The benchmark Bovespa index slid 1 percent.

The company, based in Sao Paulo, reported third-quarter net income of 19 million reais ($9.2 million) in a regulatory filing yesterday. The average estimate for profit excluding one-time charges was 47.4 million reais among eight analysts surveyed by Bloomberg. Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, equaled 16 percent of net sales, down from 22.6 percent in the previous quarter, Rossi said.

“Results were still weak, mainly based on lower operational margins,” Banco Itau BBA SA analysts including David Lawant wrote in a note to clients.

Rossi’s shares trade at 4 times its reported earnings, the fourth-cheapest among the Bovespa index’s 68 members, data compiled by Bloomberg show.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.