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

BM&FBovespa Falls to Ten-Week Low as Earnings Miss Estimates

BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, fell to a ten-week low after reporting a fourth-quarter profit that trailed analysts’ estimates.

Shares dropped 2.8 percent to 13.15 reais at the close of trading in Sao Paulo, the lowest since Dec. 7. Trading volume was 2.3 times the three-month average, according to data compiled by Bloomberg. The Bovespa index declined 2 percent.

Fourth-quarter adjusted net income rose 7.6 percent to 379.4 million reais ($193.4 million) from the same period a year earlier, the company said yesterday in a regulatory filing. The average estimate of six analysts surveyed by Bloomberg was for a profit of 396.2 million reais. Expenses rose 46.5 percent from the previous quarter to 256 million reais as costs related to health benefits to employees climbed.

“Although impacted by non-recurring items, expenses were the main negative highlight,” Francisco Kops, an analyst at Banco J. Safra in Sao Paulo, wrote in a note to clients. “We expect a negative reaction on shares.”

BM&FBovespa has climbed 12 percent in the past year while the Bovespa benchmark index has fallen 15 percent.

Download: Earnings

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.