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

Bovespa Index Retreats as MRV Plunges on Quarterly Earnings Miss

The Bovespa index fell for a fourth day as MRV Engenharia & Participacoes SA led homebuilders lower after it was the most recent Brazilian company to post quarterly earnings that trailed analysts’ projections.

Real-estate brokerage LPS Brasil Consultoria de Imoveis SA fell toward a two-week low after its fourth-quarter sales were below what analysts had estimated. The BM&FBovespa Real Estate Index headed for a four-month low.

The Bovespa fell 0.5 percent to 57,001.33 at 10:56 a.m. in Sao Paulo, extending this week’s drop to 2.4 percent. The real depreciated 0.1 percent to 1.9735 per dollar. Thirty of 44 companies on the benchmark index that have reported fourth-quarter earnings missed analysts’ estimates, data compiled by Bloomberg show.

“We’ve seen many companies reporting earnings that were worse than expected in the fourth quarter, and the real estate industry is one of the sectors with the biggest disappointments,” Hamilton Moreira, a strategist at Banco do Brasil SA, said by phone from Sao Paulo.

MRV tumbled 6.5 percent to 9.97 reais. The company posted adjusted net income of 115.4 million reais in the fourth quarter, compared with the average forecast of 144.4 million reais among nine analysts surveyed by Bloomberg. The figures spurred Banco BTG Pactual SA to lower its recommendation to the equivalent of hold.

LPS Brasil fell 0.3 percent to 35.50 reais.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.